Zacks Investment Research cut shares of CENT PUERTO S A/S (NYSE:CEPU) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Central Puerto SA is engaged in the power production. The Company focuses on the generation and commercialization of electric power. It facilities range includes thermoelectric power plants, hydroelectric power plants as well as cogeneration units. Central Puerto SA is based in BUENOS AIRES, Argentina. “

CENT PUERTO S A/S stock opened at $8.52 on Tuesday. CENT PUERTO S A/S has a 12 month low of $7.80 and a 12 month high of $16.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.18. The company has a market cap of $1.29 billion, a PE ratio of 6.04 and a beta of 0.64.

A number of large investors have recently added to or reduced their stakes in the business. Tibra Equities Europe Ltd purchased a new position in CENT PUERTO S A/S in the first quarter worth $835,000. Millennium Management LLC raised its position in CENT PUERTO S A/S by 66.6% in the fourth quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock worth $1,647,000 after acquiring an additional 71,615 shares in the last quarter. Canyon Capital Advisors LLC purchased a new position in CENT PUERTO S A/S in the fourth quarter worth $2,969,000. Legal & General Group Plc raised its position in CENT PUERTO S A/S by 211.2% in the fourth quarter. Legal & General Group Plc now owns 55,966 shares of the company’s stock worth $515,000 after acquiring an additional 37,984 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in CENT PUERTO S A/S by 51.0% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 43,514 shares of the company’s stock worth $400,000 after acquiring an additional 14,700 shares in the last quarter. Hedge funds and other institutional investors own 6.53% of the company’s stock.

CENT PUERTO S A/S Company Profile

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.

Read More: Catch-Up Contributions

Get a free copy of the Zacks research report on CENT PUERTO S A/S (CEPU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for CENT PUERTO S A/S Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CENT PUERTO S A/S and related companies with MarketBeat.com's FREE daily email newsletter.