Mirae Asset Global Investments Co. Ltd. Buys 33,510 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) by 45.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,039 shares of the utilities provider’s stock after purchasing an additional 33,510 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.24% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $2,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. UBS Group AG bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at approximately $26,000. Autonomy Capital Jersey L.P. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at approximately $78,000. Renaissance Technologies LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $432,000. Citigroup Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at approximately $1,179,000. Finally, Helikon Investments Ltd lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% in the 3rd quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock valued at $3,261,000 after acquiring an additional 155,145 shares in the last quarter. 1.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

Shares of EDN opened at $16.18 on Friday. The firm has a market cap of $733.33 million, a PE ratio of 4.30 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $17.52 and a two-hundred day simple moving average of $16.36. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 1-year low of $8.27 and a 1-year high of $21.80.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last announced its earnings results on Monday, March 11th. The utilities provider reported ($0.25) earnings per share for the quarter. The company had revenue of $785.09 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 8.22% and a return on equity of 15.78%. On average, equities analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

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.