SPX Gestao de Recursos Ltda Invests $2.94 Million in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

SPX Gestao de Recursos Ltda bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) during the 4th quarter, Holdings Channel.com reports. The fund bought 68,460 shares of the utilities provider’s stock, valued at approximately $2,938,000.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $888,000. Truxt Investmentos Ltda. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $1,810,000. ABS Direct Equity Fund LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $731,000. Verde Servicos Internacionais S.A. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $920,000. Finally, SG Americas Securities LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $101,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock opened at $32.31 on Tuesday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 6.29 and a beta of 1.38. The firm’s fifty day moving average is $37.88 and its 200 day moving average is $32.99. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52-week low of $13.78 and a 52-week high of $51.69.

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.