Cent PUERTO S A/S (CEPU) Stake Decreased by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Cent PUERTO S A/S (NYSE:CEPU) by 68.6% during the second quarter, Holdings Channel reports. The institutional investor owned 114,462 shares of the company’s stock after selling 250,106 shares during the quarter. Millennium Management LLC’s holdings in Cent PUERTO S A/S were worth $1,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new position in shares of Cent PUERTO S A/S during the second quarter valued at approximately $110,000. Itau Unibanco Holding S.A. acquired a new position in shares of Cent PUERTO S A/S during the second quarter valued at approximately $121,000. LMR Partners LLP acquired a new position in shares of Cent PUERTO S A/S during the second quarter valued at approximately $161,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Cent PUERTO S A/S during the second quarter valued at approximately $443,000. Finally, Citadel Advisors LLC acquired a new position in shares of Cent PUERTO S A/S during the second quarter valued at approximately $538,000. 5.44% of the stock is currently owned by institutional investors.

Cent PUERTO S A/S stock opened at $10.45 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.32. Cent PUERTO S A/S has a 1 year low of $7.80 and a 1 year high of $19.20.

Cent PUERTO S A/S (NYSE:CEPU) last posted its quarterly earnings results on Tuesday, August 14th. The company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $91.34 million during the quarter. Equities research analysts anticipate that Cent PUERTO S A/S will post 4.05 earnings per share for the current year.

A number of research firms recently commented on CEPU. Zacks Investment Research upgraded shares of Cent PUERTO S A/S from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, October 15th. ValuEngine upgraded shares of Cent PUERTO S A/S from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Bank of America set a $20.00 price objective on shares of Cent PUERTO S A/S and gave the company a “buy” rating in a research note on Friday, September 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $15.00.

About Cent PUERTO S A/S

Central Puerto SA generates and sells electric power to private and public customers in Argentina. As of December 31, 2017, the company owned and operated five thermal generation plants and one hydroelectric generation plant with an installed capacity of 3,663 MW. It also operates a wind farm Achiras I with an installed capacity of 48 megawatts, as well as produces steam.

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Institutional Ownership by Quarter for Cent PUERTO S A/S (NYSE:CEPU)

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