ABS Direct Equity Fund LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,038 shares of the utilities provider's stock, valued at approximately $731,000.
Several other large investors have also made changes to their positions in the business. Helikon Investments Ltd raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider's stock worth $17,947,000 after purchasing an additional 307,642 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider's stock worth $911,000 after buying an additional 40,173 shares during the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $920,000. BlueCrest Capital Management Ltd raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider's stock valued at $1,108,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at approximately $260,000. 1.64% of the stock is owned by institutional investors and hedge funds.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance
Shares of NYSE:EDN traded down $0.15 during trading on Friday, reaching $39.17. The stock had a trading volume of 162,351 shares, compared to its average volume of 351,860. The business has a fifty day moving average price of $41.01 and a 200-day moving average price of $28.99. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $13.78 and a 1-year high of $51.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The stock has a market cap of $1.77 billion, a PE ratio of 7.62 and a beta of 1.42.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
(
Free Report)
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.
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