JPMorgan Chase & Co. Boosts Stake in IRSA Inversiones Y Representaciones S.A. $IRS

JPMorgan Chase & Co. grew its position in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 170.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 916,829 shares of the financial services provider’s stock after buying an additional 577,280 shares during the quarter. JPMorgan Chase & Co. owned 1.21% of IRSA Inversiones Y Representaciones worth $10,855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Engineers Gate Manager LP purchased a new stake in shares of IRSA Inversiones Y Representaciones during the second quarter valued at approximately $148,000. Jane Street Group LLC bought a new position in IRSA Inversiones Y Representaciones in the 2nd quarter valued at $249,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at $315,000. Ping Capital Management Inc. raised its stake in shares of IRSA Inversiones Y Representaciones by 8.1% during the 3rd quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 7,000 shares during the period. Finally, Bosun Asset Management LLC raised its stake in shares of IRSA Inversiones Y Representaciones by 24.7% during the 2nd quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 32,406 shares during the period. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones Y Representaciones Stock Down 3.5%

IRS opened at $14.57 on Friday. The firm has a market capitalization of $1.13 billion, a P/E ratio of 3.15 and a beta of 1.50. IRSA Inversiones Y Representaciones S.A. has a one year low of $10.61 and a one year high of $19.14. The company has a fifty day moving average price of $16.26 and a 200-day moving average price of $14.78. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.07 and a quick ratio of 2.07.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 25.51% and a net margin of 85.84%.The company had revenue of $105.18 million for the quarter.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Itau BBA Securities upgraded shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.