BNP Paribas Financial Markets Sells 90,916 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

BNP Paribas Financial Markets trimmed its stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 92.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,500 shares of the financial services provider's stock after selling 90,916 shares during the quarter. BNP Paribas Financial Markets' holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $112,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stokes Family Office LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock valued at $693,000 after purchasing an additional 1,611 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth about $72,000. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $228,000 after buying an additional 8,258 shares during the last quarter. Jane Street Group LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth $154,000. Finally, Mirabella Financial Services LLP raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.8% during the 4th quarter. Mirabella Financial Services LLP now owns 88,504 shares of the financial services provider's stock worth $1,321,000 after buying an additional 11,411 shares in the last quarter. 45.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRSA Inversiones y Representaciones Sociedad Anónima stock traded up $0.04 during trading hours on Wednesday, reaching $15.27. 9,514 shares of the company were exchanged, compared to its average volume of 159,858. The stock has a 50-day moving average of $14.16 and a 200 day moving average of $14.65. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $7.92 and a 12 month high of $17.67. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -3.57 and a beta of 1.43.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $117.45 million 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%.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.