Short Interest in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Decreases By 22.8%

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 161,410 shares, a decrease of 22.8% from the January 29th total of 209,010 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 197,133 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 197,133 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds have recently made changes to their positions in the company. Millennium Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth approximately $4,209,000. Helikon Investments Ltd boosted its stake in IRSA Inversiones Y Representaciones by 65.7% during the 2nd quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock worth $32,975,000 after purchasing an additional 938,706 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after buying an additional 226,617 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of IRSA Inversiones Y Representaciones in the second quarter worth about $315,000. Finally, Bosun Asset Management LLC lifted its stake in shares of IRSA Inversiones Y Representaciones by 24.7% in the second quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock worth $2,279,000 after buying an additional 32,406 shares in the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

Analysts Set New Price Targets

IRS has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Finally, Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Trading Down 0.8%

IRSA Inversiones Y Representaciones stock opened at $15.82 on Monday. The firm has a market cap of $1.22 billion, a PE ratio of 3.39 and a beta of 1.51. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $16.30 and its two-hundred day simple moving average is $14.78. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $19.14.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.58 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 25.51%. The business had revenue of $105.18 million during the quarter.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.