BlueCrest Capital Management Ltd Acquires 20,000 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

BlueCrest Capital Management Ltd raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the utilities provider’s stock after purchasing an additional 20,000 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walleye Capital LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at $237,000. BNP Paribas Financial Markets increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after acquiring an additional 40,173 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter valued at $941,000. Finally, Helikon Investments Ltd lifted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% in the 2nd quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock worth $8,232,000 after acquiring an additional 157,042 shares during the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of NYSE:EDN opened at $39.98 on Friday. 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 has a 12 month low of $13.78 and a 12 month high of $40.60. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 7.78 and a beta of 1.36. The firm’s 50-day moving average is $28.20 and its 200 day moving average is $21.35.

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.