Verde Servicos Internacionais S.A. acquired a new stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,000 shares of the financial services provider’s stock, valued at approximately $648,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Helikon Investments Ltd raised its stake in IRSA Inversiones Y Representaciones by 21.0% during the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after buying an additional 718,512 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after acquiring an additional 577,280 shares in the last quarter. BNP Paribas Financial Markets grew its stake in IRSA Inversiones Y Representaciones by 202.5% in the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock valued at $5,971,000 after acquiring an additional 337,570 shares during the period. Millennium Management LLC bought a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter valued at approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of IRSA Inversiones Y Representaciones by 721.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 162,913 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $23.00.
IRSA Inversiones Y Representaciones Trading Down 0.9%
NYSE:IRS opened at $16.16 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94. IRSA Inversiones Y Representaciones S.A. has a one year low of $10.87 and a one year high of $19.14. The company has a market cap of $1.31 billion, a PE ratio of 4.67 and a beta of 1.31. The firm has a 50-day moving average of $15.10 and a 200-day moving average of $15.59.
IRSA Inversiones Y Representaciones (NYSE:IRS – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. The business had revenue of $104.67 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%.
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.
Featured Articles
- Five stocks we like better than IRSA Inversiones Y Representaciones
- Oracle’s Sell-Off Looks More Like a Mispricing Than a Warning
- Apple’s Intel Deal Arrives at the Right Time for Its Stock
- Liquid Gold: The AI Cooling Retrofit Trade
- 3 Dividend Stocks Under $30 to Anchor Your Portfolio
Want to see what other hedge funds are holding IRS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IRSA Inversiones Y Representaciones S.A. (NYSE:IRS – Free Report).
Receive News & Ratings for IRSA Inversiones Y Representaciones Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IRSA Inversiones Y Representaciones and related companies with MarketBeat.com's FREE daily email newsletter.
