Bosun Asset Management LLC Grows Position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Bosun Asset Management LLC lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 59.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 180,214 shares of the financial services provider's stock after purchasing an additional 66,890 shares during the period. IRSA Inversiones y Representaciones Sociedad Anónima comprises 1.2% of Bosun Asset Management LLC's portfolio, making the stock its 18th largest holding. Bosun Asset Management LLC owned approximately 0.24% of IRSA Inversiones y Representaciones Sociedad Anónima worth $2,691,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock worth $70,000 after acquiring an additional 1,288 shares during the period. JPMorgan Chase & Co. grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock valued at $1,434,000 after buying an additional 76,035 shares in the last quarter. Invesco Ltd. raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 95.1% during the fourth quarter. Invesco Ltd. now owns 52,790 shares of the financial services provider's stock valued at $788,000 after buying an additional 25,738 shares during the last quarter. Crocodile Capital Partners GmbH purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $541,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $7,783,000. Hedge funds and other institutional investors own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS traded up $0.47 during mid-day trading on Friday, hitting $15.21. 180,541 shares of the stock were exchanged, compared to its average volume of 161,289. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.15 billion, a PE ratio of -3.56 and a beta of 1.43. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $7.92 and a 52-week high of $17.67. The firm has a 50-day moving average of $13.49 and a two-hundred day moving average of $14.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%. The firm had revenue of $117.45 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Company 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.