IRSA Inversiones Y Representaciones S.A. $IRS is Helikon Investments Ltd’s 9th Largest Position

Helikon Investments Ltd lifted its holdings in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,142,489 shares of the financial services provider’s stock after purchasing an additional 718,512 shares during the period. IRSA Inversiones Y Representaciones comprises approximately 3.6% of Helikon Investments Ltd’s investment portfolio, making the stock its 9th largest holding. Helikon Investments Ltd owned 5.35% of IRSA Inversiones Y Representaciones worth $68,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position 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 acquiring an additional 577,280 shares during the period. Systrade AG raised its holdings in shares of IRSA Inversiones Y Representaciones by 8.9% in the 4th quarter. Systrade AG now owns 119,780 shares of the financial services provider’s stock worth $1,981,000 after purchasing an additional 9,780 shares during the period. Crocodile Capital Partners GmbH raised its holdings in shares of IRSA Inversiones Y Representaciones by 8.0% in the 4th quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 2,890 shares during the period. Ping Capital Management Inc. lifted its stake in IRSA Inversiones Y Representaciones by 8.1% in the third quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock valued at $1,103,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in IRSA Inversiones Y Representaciones during the second quarter valued at $249,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Stock Down 2.5%

IRS opened at $13.35 on Friday. The company has a 50 day moving average of $15.09 and a 200 day moving average of $15.58. The company has a market cap of $1.08 billion, a PE ratio of 3.86 and a beta of 1.31. IRSA Inversiones Y Representaciones S.A. has a 12 month low of $10.87 and a 12 month high of $19.14. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.44.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Wednesday, May 6th. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.56% and a net margin of 67.46%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on IRS shares. Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings downgraded IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Finally, Itau BBA Securities raised IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, IRSA Inversiones Y Representaciones has an average rating of “Buy” and a consensus target price of $23.00.

About IRSA Inversiones Y Representaciones

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.