Helikon Investments Ltd Has $18.43 Million 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 grew its stake in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 makes up about 1.4% of Helikon Investments Ltd's holdings, making the stock its 15th biggest position. Helikon Investments Ltd owned 1.89% of IRSA Inversiones Y Representaciones worth $18,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IRS. Ridgewood Investments LLC raised its holdings in IRSA Inversiones Y Representaciones by 810.8% during the first 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 in the last quarter. Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones Y Representaciones in the 4th quarter valued at $72,000. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at $136,000. Jane Street Group LLC purchased a new position in IRSA Inversiones Y Representaciones in the 4th quarter valued at $154,000. Finally, XTX Topco Ltd acquired a new position in IRSA Inversiones Y Representaciones in the 4th quarter valued at $196,000. Institutional investors and hedge funds own 45.46% of the company's stock.

Wall Street Analyst Weigh In

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

IRSA Inversiones Y Representaciones Stock Up 1.6%

NYSE:IRS traded up $0.25 during trading hours on Monday, hitting $15.95. The stock had a trading volume of 173,213 shares, compared to its average volume of 155,526. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. IRSA Inversiones Y Representaciones S.A. has a 1-year low of $9.07 and a 1-year high of $17.67. The business has a 50 day simple moving average of $14.69 and a two-hundred day simple moving average of $14.21. The company has a market cap of $1.21 billion, a PE ratio of 10.11 and a beta of 1.36.

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.