683 Capital Management LLC Decreases Stock Position in IRSA Inversiones Y Representaciones S.A. $IRS

683 Capital Management LLC lowered its stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 53.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,000 shares of the financial services provider’s stock after selling 179,179 shares during the quarter. 683 Capital Management LLC’s holdings in IRSA Inversiones Y Representaciones were worth $2,564,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in IRSA Inversiones Y Representaciones by 170.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after purchasing an additional 577,280 shares in the last quarter. Helikon Investments Ltd lifted its stake in IRSA Inversiones Y Representaciones by 44.6% in the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after purchasing an additional 1,056,796 shares in the last quarter. RWC Asset Management LLP purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth $2,577,000. BNP Paribas Financial Markets lifted its stake in IRSA Inversiones Y Representaciones by 19.3% in the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after purchasing an additional 97,089 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in IRSA Inversiones Y Representaciones by 23.2% in the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 3,148 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Trading Down 1.3%

NYSE:IRS opened at $16.59 on Thursday. IRSA Inversiones Y Representaciones S.A. has a 52 week low of $10.87 and a 52 week high of $19.14. The firm has a 50 day moving average of $15.10 and a 200 day moving average of $15.56. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 4.79 and a beta of 1.31.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The firm had revenue of $104.67 million for the quarter.

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.