Cubist Systematic Strategies LLC Decreases Holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Cubist Systematic Strategies LLC cut its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,183 shares of the utilities provider's stock after selling 8,348 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $6,272,000. William Blair Investment Management LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $5,012,000. Banco BTG Pactual S.A. increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% during the fourth quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock worth $4,145,000 after buying an additional 3,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock valued at $1,757,000 after acquiring an additional 2,610 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth about $3,152,000. Institutional investors and hedge funds own 1.64% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

EDN stock traded up $0.44 during trading on Wednesday, hitting $37.38. 14,811 shares of the stock traded hands, compared to its average volume of 143,845. The company has a 50 day simple moving average of $31.40 and a 200 day simple moving average of $36.08. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a one year low of $13.78 and a one year high of $51.69. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 7.30 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 announced its earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The company had revenue of $605.33 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. Equities analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

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.