ABS Direct Equity Fund LLC Invests $731,000 in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

ABS Direct Equity Fund LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,038 shares of the utilities provider’s stock, valued at approximately $731,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Helikon Investments Ltd lifted its holdings in 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 valued at $17,947,000 after purchasing an additional 307,642 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 40,173 shares during the period. GAMMA Investing LLC lifted its stake 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 worth $68,000 after buying an additional 677 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth about $260,000. Finally, JPMorgan Chase & Co. grew its stake in 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 buying an additional 2,610 shares during the last quarter. Institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 2.1 %

Shares of EDN stock opened at $36.95 on Tuesday. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $13.78 and a 12-month high of $51.69. The firm has a 50 day moving average price of $40.89 and a two-hundred day moving average price of $28.70. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.67 billion, a PE ratio of 7.19 and a beta of 1.42.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company 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.