Brevan Howard Capital Management LP Takes $7.78 Million Position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Brevan Howard Capital Management LP acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 515,917 shares of the financial services provider's stock, valued at approximately $7,783,000. Brevan Howard Capital Management LP owned about 0.69% of IRSA Inversiones y Representaciones Sociedad Anónima at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,288 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $72,000. Jane Street Group LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth $154,000. XTX Topco Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth approximately $196,000. Finally, JPMorgan Chase & Co. raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock worth $228,000 after acquiring an additional 8,258 shares during the period. 45.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 Trading Up 1.0 %

Shares of IRS stock opened at $13.87 on Monday. 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 1-year low of $7.92 and a 1-year high of $17.67. The business's fifty day moving average price is $13.37 and its 200 day moving average price is $14.39. The firm has a market capitalization of $1.05 billion, a PE ratio of -3.25 and a beta of 1.23.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its earnings results on Friday, February 7th. The financial services provider reported $0.92 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.

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