As Empresa Dist Y Comercial Nor (EDN) Valuation Declined, Columbus Hill Capital Management LP Boosted Holding; As Kapstone Paper & Packaging C (KS) Market Valuation Declined, Cubist Systematic Strategies Has Lifted Position by $480,669

February 15, 2018 - By Louis Casey

Kevin D. Eng increased its stake in Empresa Dist Y Comercial Nor (EDN) by 1.78% based on its latest 2017Q3 regulatory filing with the SEC. Columbus Hill Capital Management Lp bought 9,312 shares as the company’s stock declined 6.41% while stock markets rallied. The hedge fund run by Kevin D. Eng held 531,200 shares of the central company at the end of 2017Q3, valued at $21.12M, up from 521,888 at the end of the previous reported quarter. Columbus Hill Capital Management Lp who had been investing in Empresa Dist Y Comercial Nor for a number of months, seems to be bullish on the $2.90 billion market cap company. The stock increased 2.26% or $1.27 during the last trading session, reaching $57.41. About 14,924 shares traded. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) has risen 133.80% since February 15, 2017 and is uptrending. It has outperformed by 117.10% the S&P500.

Cubist Systematic Strategies Llc increased its stake in Kapstone Paper & Packaging C (KS) by 1310.94% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc bought 22,889 shares as the company’s stock declined 13.33% while stock markets rallied. The institutional investor held 24,635 shares of the paper company at the end of 2017Q3, valued at $529,000, up from 1,746 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Kapstone Paper & Packaging C for a number of months, seems to be bullish on the $3.34B market cap company. The stock decreased 0.06% or $0.02 during the last trading session, reaching $34.43. About 321,057 shares traded. KapStone Paper and Packaging Corporation (NYSE:KS) has risen 45.78% since February 15, 2017 and is uptrending. It has outperformed by 29.08% the S&P500.

Among 2 analysts covering Edenor SA (NYSE:EDN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Edenor SA had 2 analyst reports since October 8, 2015 according to SRatingsIntel. The rating was initiated by Santander with “Hold” on Thursday, October 8. Morgan Stanley initiated Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) on Wednesday, October 5 with “Overweight” rating.

Columbus Hill Capital Management Lp, which manages about $1.68 billion and $1.40B US Long portfolio, decreased its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 267,108 shares to 252,617 shares, valued at $8.70 million in 2017Q3, according to the filing. It also reduced its holding in Bristol Myers Squibb Co (NYSE:BMY) by 391,409 shares in the quarter, leaving it with 645,532 shares, and cut its stake in Cf Inds Hldgs Inc (NYSE:CF).

Among 17 analysts covering Kapstone Paper And Packaging Corp. (NYSE:KS), 2 have Buy rating, 2 Sell and 13 Hold. Therefore 12% are positive. Kapstone Paper And Packaging Corp. had 57 analyst reports since August 4, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $30.0 target in Thursday, January 25 report. The firm has “Underperform” rating given on Wednesday, April 6 by Bank of America. The company was initiated on Wednesday, August 16 by Citigroup. The company was maintained on Sunday, August 20 by RBC Capital Markets. The rating was upgraded by Dundee Securities to “Buy” on Tuesday, July 19. The stock of KapStone Paper and Packaging Corporation (NYSE:KS) has “Market Perform” rating given on Monday, November 21 by Wells Fargo. The stock of KapStone Paper and Packaging Corporation (NYSE:KS) earned “Neutral” rating by Dundee Securities on Monday, September 19. The stock of KapStone Paper and Packaging Corporation (NYSE:KS) has “Buy” rating given on Friday, August 18 by BMO Capital Markets. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, February 8 report. As per Monday, January 25, the company rating was downgraded by Macquarie Research.

Cubist Systematic Strategies Llc, which manages about $1.79B US Long portfolio, decreased its stake in Noble Energy Inc (NYSE:NBL) by 29,893 shares to 4,700 shares, valued at $133,000 in 2017Q3, according to the filing. It also reduced its holding in Fortive Corp by 21,546 shares in the quarter, leaving it with 5,578 shares, and cut its stake in Powershares Qqq Trust (QQQ).

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