VR Advisory Services Ltd grew its stake in Irsa Inversiones y Rprsntcins SA (NYSE:IRS) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,636,950 shares of the financial services provider’s stock after purchasing an additional 121,383 shares during the quarter. Irsa Inversiones y Rprsntcins makes up 20.3% of VR Advisory Services Ltd’s holdings, making the stock its 2nd biggest position. VR Advisory Services Ltd’s holdings in Irsa Inversiones y Rprsntcins were worth $38,714,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Guggenheim Capital LLC grew its position in shares of Irsa Inversiones y Rprsntcins by 97.2% in the first quarter. Guggenheim Capital LLC now owns 21,504 shares of the financial services provider’s stock valued at $508,000 after purchasing an additional 10,602 shares during the period. Dumac Inc. grew its position in shares of Irsa Inversiones y Rprsntcins by 29.0% in the first quarter. Dumac Inc. now owns 92,280 shares of the financial services provider’s stock valued at $2,182,000 after purchasing an additional 20,751 shares during the period. Prince Street Capital Management LLC grew its position in shares of Irsa Inversiones y Rprsntcins by 102.6% in the first quarter. Prince Street Capital Management LLC now owns 235,000 shares of the financial services provider’s stock valued at $5,558,000 after purchasing an additional 119,000 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Irsa Inversiones y Rprsntcins in the first quarter valued at about $2,744,000. Finally, LSV Asset Management acquired a new stake in shares of Irsa Inversiones y Rprsntcins in the first quarter valued at about $657,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, April 24th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Irsa Inversiones y Rprsntcins currently has an average rating of “Buy” and an average target price of $28.00.

Shares of Irsa Inversiones y Rprsntcins opened at $18.55 on Thursday, according to MarketBeat. Irsa Inversiones y Rprsntcins SA has a 52-week low of $18.04 and a 52-week high of $32.97. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.28 and a beta of 1.80. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 2.39.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last announced its earnings results on Thursday, May 10th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter. Irsa Inversiones y Rprsntcins had a net margin of 12.30% and a return on equity of 6.91%. The business had revenue of $1.14 billion for the quarter. research analysts predict that Irsa Inversiones y Rprsntcins SA will post 4.74 earnings per share for the current fiscal year.

About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad AnĂ³nima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes.

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Institutional Ownership by Quarter for Irsa Inversiones y Rprsntcins (NYSE:IRS)

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