IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Position Decreased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 74.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,951 shares of the financial services provider's stock after selling 44,177 shares during the quarter. Cubist Systematic Strategies LLC's holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of IRS. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at approximately $72,000. Jane Street Group LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at about $154,000. XTX Topco Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $196,000. JPMorgan Chase & Co. boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 8,258 shares during the last quarter. Finally, Crocodile Capital Partners GmbH bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $541,000. Institutional investors own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRS traded up $0.09 during midday trading on Friday, reaching $15.46. The company had a trading volume of 84,555 shares, compared to its average volume of 159,900. The company has a market cap of $1.17 billion, a P/E ratio of -3.62 and a beta of 1.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $13.90 and a two-hundred day moving average of $14.60. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $7.92 and a 1 year high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. The company 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%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research note on Thursday.

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.