Helikon Investments Ltd Boosts Stock Position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)

Key Points

• Helikon Investments Ltd increased its holdings in IRSA Inversiones Y Representaciones by 15.2%, bringing its total ownership to approximately $18.43 million or 1.89% of the company's stock.
• The firm currently has a market cap of $1.19 billion and recently reported earnings per share of $0.89 along with a net margin of 25.95% for the latest quarter.
• IRSA Inversiones Y Representaciones shares recently faced a downgrade from "strong-buy" to "buy" by Wall Street Zen, highlighting a potential shift in investor sentiment.

Helikon Investments Ltd increased its holdings in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 15.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,428,475 shares of the financial services provider's stock after purchasing an additional 188,573 shares during the quarter. IRSA Inversiones Y Representaciones accounts for about 1.4% of Helikon Investments Ltd's holdings, making the stock its 15th largest holding. Helikon Investments Ltd owned 1.89% of IRSA Inversiones Y Representaciones worth $18,427,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IRS. Fourth Sail Capital LP purchased a new stake in IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $7,271,000. Brevan Howard Capital Management LP purchased a new stake in IRSA Inversiones Y Representaciones during the 4th quarter worth approximately $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in IRSA Inversiones Y Representaciones by 115.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider's stock worth $11,835,000 after buying an additional 424,052 shares in the last quarter. JPMorgan Chase & Co. increased its stake in IRSA Inversiones Y Representaciones by 379.9% during the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after buying an additional 76,035 shares in the last quarter. Finally, Bosun Asset Management LLC increased its stake in IRSA Inversiones Y Representaciones by 59.0% during the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock worth $2,691,000 after buying an additional 66,890 shares in the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Price Performance

NYSE:IRS traded down $0.14 during trading hours on Wednesday, hitting $16.21. 57,463 shares of the stock were exchanged, compared to its average volume of 156,014. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $9.07 and a 52-week high of $17.67. The firm's fifty day moving average price is $14.71 and its 200 day moving average price is $14.23. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.23 billion, a P/E ratio of 10.27 and a beta of 1.36.

Analyst Ratings Changes

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

About IRSA Inversiones Y Representaciones

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.