RWC Asset Management LLP Purchases New Shares in IRSA Inversiones Y Representaciones S.A. $IRS

RWC Asset Management LLP purchased a new stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 155,815 shares of the financial services provider’s stock, valued at approximately $2,577,000.

Several other institutional investors also recently bought and sold shares of the company. Helikon Investments Ltd increased its stake in IRSA Inversiones Y Representaciones by 21.0% in the 4th quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock valued at $68,517,000 after buying an additional 718,512 shares during the period. JPMorgan Chase & Co. increased its stake in IRSA Inversiones Y Representaciones by 170.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after buying an additional 577,280 shares during the period. BNP Paribas Financial Markets boosted its holdings in IRSA Inversiones Y Representaciones by 19.3% in the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock valued at $9,947,000 after purchasing an additional 97,089 shares in the last quarter. Millennium Management LLC increased its position in IRSA Inversiones Y Representaciones by 9.1% during the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock worth $4,575,000 after purchasing an additional 32,180 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in IRSA Inversiones Y Representaciones by 721.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock worth $2,196,000 after acquiring an additional 162,913 shares during the period. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Stock Up 0.0%

Shares of NYSE:IRS opened at $15.14 on Monday. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $10.87 and a 52-week high of $19.14. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 4.38 and a beta of 1.31. The company has a 50 day moving average of $15.07 and a two-hundred day moving average of $15.52.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The company had revenue of $104.67 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One equities research 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.com, IRSA Inversiones Y Representaciones has an average rating of “Buy” and an average price target of $23.00.

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.