SPX Gestao de Recursos Ltda bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 68,460 shares of the utilities provider's stock, valued at approximately $2,938,000. SPX Gestao de Recursos Ltda owned about 0.15% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of 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 buying an additional 677 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $101,000. Walleye Capital LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $237,000. Quadrature Capital Ltd purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $260,000. Finally, ABS Direct Equity Fund LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $731,000. Hedge funds and other institutional investors own 1.64% of the company's stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
EDN stock traded up $1.27 during midday trading on Friday, hitting $33.09. The company's stock had a trading volume of 96,381 shares, compared to its average volume of 139,628. The stock's 50-day moving average price is $36.94 and its 200 day moving average price is $33.18. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $13.78 and a 1 year high of $51.69. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 6.44 and a beta of 1.38.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile
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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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