Arrowstreet Capital Limited Partnership Sells 59,538 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Arrowstreet Capital Limited Partnership decreased its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 39.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 90,683 shares of the financial services provider's stock after selling 59,538 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.12% of IRSA Inversiones y Representaciones Sociedad Anónima worth $1,354,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Systrade AG grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock worth $1,547,000 after purchasing an additional 3,601 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% in the fourth quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after buying an additional 76,035 shares in the last quarter. Ping Capital Management Inc. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the fourth quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider's stock worth $956,000 after acquiring an additional 13,700 shares during the last quarter. Stokes Family Office LLC grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock valued at $693,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Crocodile Capital Partners GmbH bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $541,000. Institutional investors own 45.46% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock traded up $0.67 during trading hours on Thursday, reaching $14.63. The company's stock had a trading volume of 20,693 shares, compared to its average volume of 163,517. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $7.92 and a one year high of $17.67. The firm has a 50 day moving average price of $13.30 and a 200-day moving average price of $14.17. The stock has a market cap of $1.11 billion, a P/E ratio of -3.41 and a beta of 1.23.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.

IRSA Inversiones y Representaciones Sociedad Anónima Profile

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.