Absolute Gestao de Investimentos Ltda. Makes New $2.21 Million Investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Absolute Gestao de Investimentos Ltda. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,397 shares of the utilities provider's stock, valued at approximately $2,205,000. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima makes up approximately 0.9% of Absolute Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 15th biggest position. Absolute Gestao de Investimentos Ltda. owned 0.11% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake 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 worth $68,000 after acquiring an additional 677 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth about $101,000. JPMorgan Chase & Co. increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock worth $1,757,000 after purchasing an additional 2,610 shares in the last quarter. Banco BTG Pactual S.A. lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% during the 4th quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock valued at $4,145,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $207,000. 1.64% of the stock is owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of NYSE EDN traded down $0.04 during mid-day trading on Thursday, hitting $30.11. 56,863 shares of the stock were exchanged, compared to its average volume of 142,531. The company has a market cap of $1.36 billion, a P/E ratio of 5.86 and a beta of 1.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a twelve month low of $13.78 and a twelve month high of $51.69. The stock's fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $35.52.

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.