Goldman Sachs Group Inc. Has $1.25 Million Stock Position in IRSA Inversiones Y Representaciones S.A. $IRS

Key Points

• Goldman Sachs reduced its holdings in IRSA Inversiones Y Representaciones by 35.6% in the first quarter, owning approximately 0.13% of the company worth $1,247,000 after selling 53,362 shares.
• Several institutional investors have also modified their positions, with Hedge funds and institutional investors owning 45.46% of the company's stock.
• Analysts have downgraded IRSA Inversiones from a "buy" to a "hold" rating, reflecting a shift in market sentiment towards the stock.

Goldman Sachs Group Inc. decreased its stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,636 shares of the financial services provider's stock after selling 53,362 shares during the period. Goldman Sachs Group Inc. owned 0.13% of IRSA Inversiones Y Representaciones worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC lifted its holdings in shares of IRSA Inversiones Y Representaciones by 810.8% in the 1st quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after purchasing an additional 4,200 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 4th quarter worth approximately $154,000. Deuterium Capital Management LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 1st quarter worth approximately $136,000. Cubist Systematic Strategies LLC increased its position in IRSA Inversiones Y Representaciones by 42.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 6,390 shares during the period. Finally, Tidal Investments LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 4th quarter valued at approximately $388,000. Institutional investors own 45.46% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE IRS traded up $1.12 during mid-day trading on Monday, reaching $13.01. The company had a trading volume of 454,117 shares, compared to its average volume of 338,591. The company has a current ratio of 2.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a market cap of $985.54 million, a PE ratio of 6.33 and a beta of 1.47. The company has a 50-day moving average price of $14.47 and a two-hundred day moving average price of $14.22. IRSA Inversiones Y Representaciones S.A. has a 1-year low of $10.61 and a 1-year high of $17.67.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last issued its earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 earnings per share (EPS) for the quarter. The business had revenue of $115.67 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.

IRSA Inversiones Y Representaciones 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.