Walleye Capital LLC Takes $237,000 Position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Walleye Capital LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,690 shares of the utilities provider’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EDN. Helikon Investments Ltd increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the 3rd 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 during the period. Ping Capital Management Inc. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at $941,000. Finally, BNP Paribas Financial Markets increased its position in shares of 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 valued at $911,000 after acquiring an additional 40,173 shares during the period. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

NYSE EDN opened at $45.70 on Wednesday. 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 stock’s fifty day moving average price is $31.41 and its 200 day moving average price is $22.81. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1 year low of $13.78 and a 1 year high of $47.41. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 8.89 and a beta of 1.45.

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.