Glenorchy Capital Ltd Purchases New Holdings in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Glenorchy Capital Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) during the 4th quarter, HoldingsChannel.com reports. The firm bought 50,798 shares of the financial services provider’s stock, valued at approximately $437,000.

Other hedge funds also recently modified their holdings of the company. Capricorn Fund Managers Ltd boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% during the fourth quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,589 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $38,000. Jump Financial LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $81,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 14.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,908 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 14,332 shares during the last quarter. Finally, Helikon Investments Ltd grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 5.7% in the third quarter. Helikon Investments Ltd now owns 1,206,313 shares of the financial services provider’s stock worth $7,069,000 after acquiring an additional 65,312 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 2.1 %

Shares of IRS traded down $0.21 during trading hours on Tuesday, hitting $9.89. 104,202 shares of the stock traded hands, compared to its average volume of 163,308. The business has a fifty day moving average of $8.74 and a 200-day moving average of $8.13. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $728.30 million, a PE ratio of 1.45 and a beta of 1.32. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $5.17 and a 1-year high of $10.40.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its earnings results on Monday, February 5th. The financial services provider reported $0.76 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 99.91% and a return on equity of 25.70%. The firm had revenue of $132.42 million during the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Profile

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