Truxt Investmentos Ltda. Takes $1.81 Million Position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Truxt Investmentos Ltda. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,029 shares of the utilities provider's stock, valued at approximately $1,810,000. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima comprises about 2.9% of Truxt Investmentos Ltda.'s portfolio, making the stock its 11th largest position. Truxt Investmentos Ltda. owned about 0.09% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ABS Direct Equity Fund LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth about $731,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $920,000. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $101,000. GAMMA Investing LLC increased its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th 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. lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd 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 during the period. Institutional investors and hedge funds own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

EDN stock traded down $1.75 during midday trading on Friday, hitting $36.44. 283,984 shares of the stock traded hands, compared to its average volume of 287,685. 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 current ratio of 0.82 and a quick ratio of 0.69. The stock's fifty day simple moving average is $39.82 and its 200-day simple moving average is $31.51. The firm has a market cap of $1.65 billion, a P/E ratio of 7.09 and a beta of 1.39.

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.