Ping Capital Management Inc. Sells 18,000 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Ping Capital Management Inc. lessened its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 38.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,400 shares of the utilities provider's stock after selling 18,000 shares during the period. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima makes up approximately 0.3% of Ping Capital Management Inc.'s investment portfolio, making the stock its 20th largest position. Ping Capital Management Inc. owned about 0.06% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $1,219,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. ABS Direct Equity Fund LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth approximately $731,000. Verde Servicos Internacionais S.A. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $920,000. SG Americas Securities LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $101,000. GAMMA Investing LLC raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock valued at $68,000 after purchasing an additional 677 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock valued at $1,757,000 after purchasing an additional 2,610 shares in the last quarter. Institutional investors own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

EDN traded down $1.74 during trading on Friday, hitting $38.43. 236,537 shares of the stock traded hands, compared to its average volume of 272,847. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $13.78 and a twelve month high of $51.69. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 7.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The business has a 50 day moving average price of $41.14 and a 200 day moving average price of $29.79.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Profile

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.