Y Intercept Hong Kong Ltd Invests $712,000 in IRSA Inversiones Y Representaciones S.A. $IRS

Y Intercept Hong Kong Ltd bought a new stake in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,909 shares of the financial services provider’s stock, valued at approximately $712,000.

Several other institutional investors have also recently made changes to their positions in IRS. Helikon Investments Ltd boosted its holdings in shares of IRSA Inversiones Y Representaciones by 21.0% in the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after acquiring an additional 718,512 shares during the period. JPMorgan Chase & Co. raised its stake in shares of IRSA Inversiones Y Representaciones by 170.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after purchasing an additional 577,280 shares during the period. BNP Paribas Financial Markets lifted its holdings in IRSA Inversiones Y Representaciones by 202.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after purchasing an additional 337,570 shares in the last quarter. Millennium Management LLC purchased a new stake in IRSA Inversiones Y Representaciones during the 1st quarter worth about $4,209,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in IRSA Inversiones Y Representaciones by 721.5% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Insiders Place Their Bets

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 25.06% of the stock is owned by corporate insiders.

IRSA Inversiones Y Representaciones Stock Down 2.0%

IRS opened at $15.14 on Tuesday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 4.38 and a beta of 1.32. 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 fifty day moving average price of $15.19 and a 200-day moving average price of $15.62. 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 (NYSE:IRS) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $104.67 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $23.00.

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.