JPMorgan Chase & Co. Increases Stock Position in IRSA Inversiones Y Representaciones S.A. $IRS

JPMorgan Chase & Co. raised its stake in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 170.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 916,829 shares of the financial services provider’s stock after purchasing an additional 577,280 shares during the period. JPMorgan Chase & Co.’s holdings in IRSA Inversiones Y Representaciones were worth $10,855,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IRS. Engineers Gate Manager LP bought a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth $148,000. Jane Street Group LLC purchased a new stake in IRSA Inversiones Y Representaciones during the second quarter valued at about $249,000. Arrowstreet Capital Limited Partnership purchased a new stake in IRSA Inversiones Y Representaciones during the second quarter valued at about $315,000. Ping Capital Management Inc. lifted its stake in IRSA Inversiones Y Representaciones by 8.1% during the third quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Bosun Asset Management LLC boosted its holdings in shares of IRSA Inversiones Y Representaciones by 24.7% in the 2nd quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 32,406 shares in the last quarter. Institutional investors own 45.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on IRS. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Itau BBA Securities raised shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, IRSA Inversiones Y Representaciones currently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Price Performance

IRS opened at $14.57 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.07 and a quick ratio of 2.07. The stock’s 50 day simple moving average is $16.26 and its 200 day simple moving average is $14.78. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 3.15 and a beta of 1.50. IRSA Inversiones Y Representaciones S.A. has a 1 year low of $10.61 and a 1 year high of $19.14.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released 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 return on equity of 25.51% and a net margin of 85.84%.The firm 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.