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

BlueCrest Capital Management Ltd lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 66.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the utilities provider’s stock after acquiring an additional 20,000 shares during the quarter. BlueCrest Capital Management Ltd owned approximately 0.11% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Helikon Investments Ltd lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after acquiring an additional 307,642 shares in the last quarter. Ping Capital Management Inc. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at approximately $941,000. BNP Paribas Financial Markets lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after purchasing an additional 40,173 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $237,000. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.4 %

Shares of EDN opened at $39.98 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 7.78 and a beta of 1.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $13.78 and a 1 year high of $40.60. The company has a 50 day simple moving average of $28.20 and a two-hundred day simple moving average of $21.35.

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.