Fourth Sail Capital LP Sells 109,363 Shares of IRSA Inversiones Y Representaciones S.A. $IRS
Fourth Sail Capital LP reduced its stake in IRSA Inversiones Y Representaciones S.A. by 19.4% in Q2, selling 109,363 shares. The firm now holds 454,301 shares, representing 1.3% of its portfolio. Other institutional investors have also adjusted their holdings. The stock opened at $15.01, with a market cap of $1.14 billion and a P/E ratio of 7.31. Analysts have given the stock an average rating of "Hold."
Fourth Sail Capital LP trimmed its holdings in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 19.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 454,301 shares of the financial services provider's stock after selling 109,363 shares during the period. IRSA Inversiones Y Representaciones comprises approximately 1.3% of Fourth Sail Capital LP's portfolio, making the stock its 25th largest position. Fourth Sail Capital LP owned about 0.60% of IRSA Inversiones Y Representaciones worth $6,328,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of IRS. Ping Capital Management Inc. boosted its holdings in IRSA Inversiones Y Representaciones by 40.9% during the 1st quarter. Ping Capital Management Inc. now owns 90,200 shares of the financial services provider's stock valued at $1,164,000 after acquiring an additional 26,200 shares during the period. Ridgewood Investments LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 810.8% during the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 4,200 shares during the period. Deuterium Capital Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter worth approximately $136,000. Helikon Investments Ltd increased its stake in shares of IRSA Inversiones Y Representaciones by 15.2% in the first quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock worth $18,427,000 after buying an additional 188,573 shares during the period. Finally, Invesco Ltd. raised its holdings in IRSA Inversiones Y Representaciones by 1.9% during the 1st quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock valued at $694,000 after buying an additional 1,027 shares during the last quarter. 45.46% of the stock is owned by institutional investors.
IRSA Inversiones Y Representaciones Price Performance
Shares of NYSE IRS opened at $15.01 on Monday. IRSA Inversiones Y Representaciones S.A. has a 1 year low of $10.61 and a 1 year high of $17.67. The stock has a market capitalization of $1.14 billion, a P/E ratio of 7.31 and a beta of 1.50. The company's 50-day moving average is $12.82 and its 200 day moving average is $14.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 1.88.
IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $1.42 earnings per share for the quarter. The firm had revenue of $97.35 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.
Analysts Set New Price Targets
IRS has been the topic of a number of analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. Wall Street Zen cut IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".
Check Out Our Latest Research Report on IRS
IRSA Inversiones Y Representaciones Company Profile
(Free Report)IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.
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