JPMorgan Chase & Co. Grows Holdings 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 its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 916,829 shares of the financial services provider’s stock after purchasing an additional 577,280 shares during the period. JPMorgan Chase & Co. owned 1.21% of IRSA Inversiones Y Representaciones worth $10,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC acquired a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $4,209,000. Arrowstreet Capital Limited Partnership acquired a new stake in IRSA Inversiones Y Representaciones during the second quarter worth approximately $315,000. Bosun Asset Management LLC grew its stake in IRSA Inversiones Y Representaciones by 24.7% in the 2nd quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock worth $2,279,000 after acquiring an additional 32,406 shares during the period. Jane Street Group LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $249,000. Finally, BNP Paribas Financial Markets raised its holdings in IRSA Inversiones Y Representaciones by 220.5% in 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 acquiring an additional 114,687 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

Shares of IRS stock opened at $15.08 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 3.26 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 50 day moving average price of $15.71 and a 200 day moving average price of $14.82.

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

About IRSA Inversiones Y Representaciones

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.