Bosun Asset Management LLC Makes New $1.36 Million Investment in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Bosun Asset Management LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,665 shares of the utilities provider's stock, valued at approximately $1,359,000. Bosun Asset Management LLC owned 0.07% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Brevan Howard Capital Management LP bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $6,272,000. William Blair Investment Management LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $5,012,000. Mirabella Financial Services LLP acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $3,152,000. SPX Gestao de Recursos Ltda bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $2,938,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $2,205,000. Institutional investors and hedge funds own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of EDN stock traded up $2.18 on Friday, hitting $32.43. 143,027 shares of the company's stock were exchanged, compared to its average volume of 143,010. The company has a 50 day moving average of $31.12 and a 200 day moving average of $35.62. The stock has a market cap of $1.47 billion, a P/E ratio of 6.31 and a beta of 1.53. 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 has a 12 month low of $13.78 and a 12 month high of $51.69.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last posted its earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The firm had revenue of $605.33 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 10.22% and a return on equity of 18.97%. On average, equities research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current year.

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.