BNP Paribas Financial Markets Buys 97,089 Shares of IRSA Inversiones Y Representaciones S.A. $IRS

BNP Paribas Financial Markets lifted its stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 601,369 shares of the financial services provider’s stock after buying an additional 97,089 shares during the period. BNP Paribas Financial Markets’ holdings in IRSA Inversiones Y Representaciones were worth $9,947,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IRS. Van ECK Associates Corp bought a new stake in shares of IRSA Inversiones Y Representaciones in the third quarter valued at about $25,000. Brevan Howard Capital Management LP bought a new position in IRSA Inversiones Y Representaciones during the third quarter worth about $130,000. Engineers Gate Manager LP bought a new position in IRSA Inversiones Y Representaciones during the second quarter worth about $148,000. Verition Fund Management LLC lifted its stake in IRSA Inversiones Y Representaciones by 23.2% during the third 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 during the period. Finally, Jane Street Group LLC bought a new position in IRSA Inversiones Y Representaciones during the second quarter worth about $249,000. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Stock Performance

Shares of NYSE:IRS opened at $15.44 on Tuesday. The business has a fifty day moving average of $15.07 and a 200-day moving average of $15.51. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. IRSA Inversiones Y Representaciones S.A. has a twelve month low of $10.87 and a twelve month high of $19.14. The firm has a market cap of $1.25 billion, a PE ratio of 4.46 and a beta of 1.31.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.00.

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.