Verde Servicos Internacionais S.A. Makes New Investment in IRSA Inversiones Y Representaciones S.A. $IRS

Verde Servicos Internacionais S.A. acquired a new stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the financial services provider’s stock, valued at approximately $648,000. Verde Servicos Internacionais S.A. owned 0.05% of IRSA Inversiones Y Representaciones at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IRS. Millennium Management LLC acquired a new stake in IRSA Inversiones Y Representaciones during the first quarter worth $4,209,000. JPMorgan Chase & Co. raised its position in shares of IRSA Inversiones Y Representaciones by 200.7% during the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock worth $4,730,000 after acquiring an additional 226,617 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in IRSA Inversiones Y Representaciones in the second quarter valued at approximately $315,000. Jane Street Group LLC bought a new position in IRSA Inversiones Y Representaciones during the second quarter worth about $249,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of IRSA Inversiones Y Representaciones by 220.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock valued at $2,322,000 after buying an additional 114,687 shares during the period. 45.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

Shares of IRSA Inversiones Y Representaciones stock opened at $16.16 on Wednesday. The company has a 50 day moving average of $15.10 and a 200-day moving average of $15.59. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones S.A. has a 1-year low of $10.87 and a 1-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.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings results 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 net margin of 67.46% and a return on equity of 18.88%.

IRSA Inversiones Y Representaciones 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.