Y Intercept Hong Kong Ltd Takes $712,000 Position in IRSA Inversiones Y Representaciones S.A. $IRS

Y Intercept Hong Kong Ltd acquired a new stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 43,909 shares of the financial services provider’s stock, valued at approximately $712,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of IRSA Inversiones Y Representaciones at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in IRSA Inversiones Y Representaciones by 170.0% during the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after buying an additional 577,280 shares in the last quarter. Verde Servicos Internacionais S.A. purchased a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at $648,000. RWC Asset Management LLP bought a new position in IRSA Inversiones Y Representaciones during the 4th quarter valued at $2,577,000. Helikon Investments Ltd lifted its stake in IRSA Inversiones Y Representaciones by 21.0% during 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 acquiring an additional 718,512 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in IRSA Inversiones Y Representaciones by 19.3% during the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after acquiring an additional 97,089 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered 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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

Shares of IRS opened at $15.14 on Tuesday. The stock has a 50 day moving average of $15.19 and a 200 day moving average of $15.62. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 4.38 and a beta of 1.32. 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 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data 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 business had revenue of $104.67 million during the quarter.

Insider Buying and Selling at IRSA Inversiones Y Representaciones

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 25.06% of the company’s stock.

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.