CarVal Investors LLC lifted its stake in Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) by 235.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,199 shares of the utilities provider’s stock after purchasing an additional 21,199 shares during the period. Empresa Distribuidora y Cmrz Nrt accounts for approximately 0.3% of CarVal Investors LLC’s holdings, making the stock its 15th largest position. CarVal Investors LLC owned about 0.07% of Empresa Distribuidora y Cmrz Nrt worth $755,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Atria Investments LLC increased its stake in shares of Empresa Distribuidora y Cmrz Nrt by 23.6% in the 2nd quarter. Atria Investments LLC now owns 12,113 shares of the utilities provider’s stock worth $394,000 after purchasing an additional 2,311 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt in the 3rd quarter worth $462,000. Millennium Management LLC increased its stake in Empresa Distribuidora y Cmrz Nrt by 198.1% in the 2nd quarter. Millennium Management LLC now owns 102,133 shares of the utilities provider’s stock worth $3,318,000 after buying an additional 67,871 shares in the last quarter. BlackRock Inc. increased its stake in Empresa Distribuidora y Cmrz Nrt by 21.6% in the 2nd quarter. BlackRock Inc. now owns 136,310 shares of the utilities provider’s stock worth $4,429,000 after buying an additional 24,248 shares in the last quarter. Finally, Newfoundland Capital Management increased its stake in Empresa Distribuidora y Cmrz Nrt by 36.5% in the 2nd quarter. Newfoundland Capital Management now owns 1,297,271 shares of the utilities provider’s stock worth $42,148,000 after buying an additional 346,747 shares in the last quarter. Hedge funds and other institutional investors own 6.73% of the company’s stock.

Shares of EDN stock opened at $22.59 on Wednesday. Empresa Distribuidora y Cmrz Nrt SA has a 52-week low of $19.05 and a 52-week high of $63.29. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 7.05.

A number of equities research analysts have issued reports on EDN shares. Zacks Investment Research lowered Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 14th. ValuEngine lowered Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, Bank of America lowered Empresa Distribuidora y Cmrz Nrt from a “neutral” rating to an “underperform” rating in a research note on Friday, September 14th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The company has a consensus rating of “Sell” and an average target price of $36.75.

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Empresa Distribuidora y Cmrz Nrt Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad AnĂ³nima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

Read More: Closed-End Mutual Funds (CEFs)

Institutional Ownership by Quarter for Empresa Distribuidora y Cmrz Nrt (NYSE:EDN)

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