SPX Gestao de Recursos Ltda Makes New Investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

SPX Gestao de Recursos Ltda purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,460 shares of the utilities provider’s stock, valued at approximately $2,938,000. SPX Gestao de Recursos Ltda owned 0.15% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EDN. GAMMA Investing LLC boosted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares during the period. SG Americas Securities LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth approximately $101,000. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth approximately $237,000. Quadrature Capital Ltd bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth approximately $260,000. Finally, ABS Direct Equity Fund LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth approximately $731,000. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

EDN opened at $32.31 on Tuesday. The firm has a market cap of $1.46 billion, a P/E ratio of 6.29 and a beta of 1.38. 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 50 day simple moving average of $37.88 and a two-hundred day simple moving average of $32.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

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.