Bosun Asset Management LLC Buys Shares of 31,665 Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Bosun Asset Management LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,665 shares of the utilities provider's stock, valued at approximately $1,359,000. Bosun Asset Management LLC owned about 0.07% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brevan Howard Capital Management LP purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth approximately $6,272,000. William Blair Investment Management LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $5,012,000. Mirabella Financial Services LLP purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $3,152,000. SPX Gestao de Recursos Ltda acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $2,938,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $2,205,000. 1.64% of the stock is owned by institutional investors and hedge funds.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

EDN traded up $2.18 during midday trading on Friday, hitting $32.43. 143,027 shares of the company traded hands, compared to its average volume of 143,336. The business has a 50 day simple moving average of $31.12 and a two-hundred day simple moving average of $35.71. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52-week low of $13.78 and a 52-week high of $51.69. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.31 and a beta of 1.53. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

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

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.