IRSA Inversiones Y Representaciones S.A. $IRS is Helikon Investments Ltd’s 10th Largest Position

Helikon Investments Ltd boosted its stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 44.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,423,977 shares of the financial services provider’s stock after purchasing an additional 1,056,796 shares during the period. IRSA Inversiones Y Representaciones comprises 2.8% of Helikon Investments Ltd’s investment portfolio, making the stock its 10th largest position. Helikon Investments Ltd’s holdings in IRSA Inversiones Y Representaciones were worth $40,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter worth approximately $4,209,000. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 577,280 shares during the last quarter. BNP Paribas Financial Markets boosted its position in IRSA Inversiones Y Representaciones by 220.5% during 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. Arrowstreet Capital Limited Partnership bought a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth $315,000. Finally, Jane Street Group LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the second quarter valued at about $249,000. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE IRS opened at $16.17 on Monday. IRSA Inversiones Y Representaciones S.A. has a 1 year low of $10.61 and a 1 year high of $19.14. The stock has a market capitalization of $1.25 billion, a P/E ratio of 3.49 and a beta of 1.48. The company’s 50-day moving average is $16.24 and its 200 day moving average is $14.78. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $0.58 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 24.98% and a net margin of 85.84%.The firm had revenue of $106.26 million for the quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Itau BBA Securities raised IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.