155,815 Shares in IRSA Inversiones Y Representaciones S.A. $IRS Acquired by RWC Asset Management LLP

RWC Asset Management LLP purchased a new position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 155,815 shares of the financial services provider’s stock, valued at approximately $2,577,000. RWC Asset Management LLP owned about 0.20% of IRSA Inversiones Y Representaciones as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IRS. Helikon Investments Ltd lifted its stake in IRSA Inversiones Y Representaciones by 44.6% in the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after acquiring an additional 1,056,796 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after acquiring an additional 577,280 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in IRSA Inversiones Y Representaciones by 202.5% in the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after acquiring an additional 337,570 shares during the last quarter. Millennium Management LLC purchased a new position in IRSA Inversiones Y Representaciones in the first quarter worth approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in IRSA Inversiones Y Representaciones by 721.5% in 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 last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Stock Up 0.0%

IRS stock opened at $15.14 on Monday. 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 S.A. has a twelve month low of $10.87 and a twelve month high of $19.14. The company’s 50 day moving average is $15.07 and its two-hundred day moving average is $15.52. The stock has a market cap of $1.23 billion, a P/E ratio of 4.38 and a beta of 1.31.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released 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 company had revenue of $104.67 million for the quarter.

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.