Helikon Investments Ltd increased its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 61.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 809,902 shares of the utilities provider's stock after acquiring an additional 307,642 shares during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima comprises 1.6% of Helikon Investments Ltd's portfolio, making the stock its 12th biggest holding. Helikon Investments Ltd owned 1.79% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $17,947,000 as of its most recent SEC filing.
Separately, Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth $941,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
EDN stock traded up $1.37 during trading hours on Thursday, hitting $29.17. 250,635 shares of the stock were exchanged, compared to its average volume of 83,253. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $1.32 billion, a P/E ratio of 3.63 and a beta of 1.39. The company has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $18.91. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12 month low of $10.06 and a 12 month high of $29.17.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $1.51. The company had revenue of $551.43 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. During the same period last year, the company posted ($0.48) earnings per share. On average, analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 earnings per share for the current fiscal year.
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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