Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Free Report) by 2,523.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,870 shares of the utilities provider's stock after purchasing an additional 40,274 shares during the quarter. GAMMA Investing LLC owned 0.09% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider's stock valued at $23,360,000 after buying an additional 286,989 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $6,272,000. William Blair Investment Management LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $5,012,000. Mirabella Financial Services LLP acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at approximately $3,152,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $2,938,000. 1.64% of the stock is owned by institutional investors and hedge funds.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 2.6%

EDN traded up $0.75 during trading on Monday, hitting $29.85. The company had a trading volume of 6,233 shares, compared to its average volume of 143,865. 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 debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The company has a market cap of $1.35 billion, a PE ratio of 5.81 and a beta of 1.54. The business has a 50-day moving average of $32.13 and a 200-day moving average of $35.85.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS 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%. The business had revenue of $605.33 million during the quarter. As a group, analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

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.