Irsa Inversiones y Rprsntcins SA (IRS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) by 43.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,900 shares of the financial services provider’s stock after selling 34,800 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of Irsa Inversiones y Rprsntcins worth $776,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of IRS. Levin Capital Strategies L.P. purchased a new stake in Irsa Inversiones y Rprsntcins in the 2nd quarter valued at $173,000. Guggenheim Capital LLC increased its position in shares of Irsa Inversiones y Rprsntcins by 97.2% during the 1st quarter. Guggenheim Capital LLC now owns 21,504 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 10,602 shares during the last quarter. City of London Investment Management Co. Ltd. purchased a new stake in shares of Irsa Inversiones y Rprsntcins during the 2nd quarter valued at $1,391,000. Newfoundland Capital Management increased its position in shares of Irsa Inversiones y Rprsntcins by 5.4% during the 2nd quarter. Newfoundland Capital Management now owns 113,570 shares of the financial services provider’s stock valued at $1,964,000 after purchasing an additional 5,865 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Irsa Inversiones y Rprsntcins by 52.9% during the 1st quarter. Millennium Management LLC now owns 192,029 shares of the financial services provider’s stock valued at $4,541,000 after purchasing an additional 66,455 shares during the last quarter. Hedge funds and other institutional investors own 19.79% of the company’s stock.

Separately, Morgan Stanley lowered Irsa Inversiones y Rprsntcins from an “equal weight” rating to an “underweight” rating in a research report on Thursday, October 11th.

Shares of IRS opened at $13.85 on Monday. Irsa Inversiones y Rprsntcins SA has a fifty-two week low of $12.76 and a fifty-two week high of $32.97. The stock has a market capitalization of $796.38 million, a P/E ratio of 2.90 and a beta of 1.77. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 2.43.

About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad Anónima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes.

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Institutional Ownership by Quarter for Irsa Inversiones y Rprsntcins (NYSE:IRS)

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