Helikon Investments Ltd boosted its position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS – Free Report) by 21.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,142,489 shares of the financial services provider’s stock after purchasing an additional 718,512 shares during the quarter. IRSA Inversiones Y Representaciones accounts for about 3.6% of Helikon Investments Ltd’s holdings, making the stock its 9th largest holding. Helikon Investments Ltd owned about 0.05% of IRSA Inversiones Y Representaciones worth $68,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of IRS. Van ECK Associates Corp purchased a new position in shares of IRSA Inversiones Y Representaciones during the 3rd quarter valued at $25,000. Crocodile Capital Partners GmbH boosted its stake in IRSA Inversiones Y Representaciones by 8.0% during the fourth quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock valued at $647,000 after buying an additional 2,890 shares during the period. Verition Fund Management LLC boosted its stake in IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the period. Ping Capital Management Inc. grew its position in IRSA Inversiones Y Representaciones by 3.7% during the fourth quarter. Ping Capital Management Inc. now owns 96,648 shares of the financial services provider’s stock worth $1,599,000 after buying an additional 3,448 shares in the last quarter. Finally, Systrade AG grew its position in IRSA Inversiones Y Representaciones by 8.9% during the fourth quarter. Systrade AG now owns 119,780 shares of the financial services provider’s stock worth $1,981,000 after buying an additional 9,780 shares in the last quarter. 45.46% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
IRS has been the topic of a number of research analyst reports. Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. Wall Street Zen lowered IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, IRSA Inversiones Y Representaciones has an average rating of “Buy” and a consensus price target of $23.00.
IRSA Inversiones Y Representaciones Stock Performance
NYSE IRS opened at $13.35 on Friday. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $10.87 and a 52-week high of $19.14. The company has a fifty day moving average of $15.09 and a 200-day moving average of $15.58. The company has a market capitalization of $1.08 billion, a P/E ratio of 3.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.07 and a current ratio of 2.07.
IRSA Inversiones Y Representaciones (NYSE:IRS – Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported ($0.28) EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.56%.
IRSA Inversiones Y Representaciones 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.
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