Helikon Investments Ltd increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Free Report) by 15.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 345,218 shares of the utilities provider’s stock after purchasing an additional 45,901 shares during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima makes up 0.5% of Helikon Investments Ltd’s investment portfolio, making the stock its 13th largest holding. Helikon Investments Ltd’s holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima were worth $6,107,000 as of its most recent filing with the SEC.
Separately, Mirae Asset Global Investments Co. Ltd. increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock worth $2,093,000 after acquiring an additional 33,510 shares during the period. 1.64% of the stock is owned by hedge funds and other institutional investors.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock traded up $0.12 during trading hours on Tuesday, hitting $15.08. The stock had a trading volume of 44,552 shares, compared to its average volume of 81,204. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $10.06 and a fifty-two week high of $21.80. The company has a market cap of $683.43 million, a PE ratio of 2.38 and a beta of 1.52. The company has a 50-day moving average of $17.37 and a two-hundred day moving average of $17.89. The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.18.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd.
Check Out Our Latest Analysis on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
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.
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