Fourth Sail Capital LP Acquires Shares of 563,664 IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)

Key Points

• Fourth Sail Capital LP has acquired 563,664 shares of IRSA Inversiones Y Representaciones, valued at approximately $7.27 million, making it the firm's 23rd largest holding.
• Shares of IRSA Inversiones Y Representaciones are currently trading at $15.47, with a 52-week range between $8.54 and $17.67.
• JPMorgan Chase & Co. significantly increased its stake in IRSA by 379.9% in the fourth quarter, now owning 96,049 shares worth $1.43 million.

Fourth Sail Capital LP acquired a new position in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 563,664 shares of the financial services provider's stock, valued at approximately $7,271,000. IRSA Inversiones Y Representaciones accounts for about 1.7% of Fourth Sail Capital LP's holdings, making the stock its 23rd biggest position. Fourth Sail Capital LP owned 0.74% of IRSA Inversiones Y Representaciones at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Deuterium Capital Management LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at $136,000. Ridgewood Investments LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 810.8% in the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock valued at $61,000 after purchasing an additional 4,200 shares during the period. Ping Capital Management Inc. boosted its stake in shares of IRSA Inversiones Y Representaciones by 40.9% in the first quarter. Ping Capital Management Inc. now owns 90,200 shares of the financial services provider's stock valued at $1,164,000 after purchasing an additional 26,200 shares during the period. GAMMA Investing LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 1,209.7% in the first quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 56,930 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at $388,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Stock Down 1.4%

Shares of IRS stock traded down $0.23 on Friday, hitting $15.73. The stock had a trading volume of 154,689 shares, compared to its average volume of 175,331. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.97 and a beta of 1.36. The stock's 50 day moving average is $14.67 and its 200-day moving average is $14.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $8.96 and a 52-week high of $17.67.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 25.95% and a return on equity of 7.91%. The firm had revenue of $117.45 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 20th.

IRSA Inversiones Y Representaciones 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.