Bosun Asset Management LLC Sells 49,022 Shares of IRSA Inversiones Y Representaciones S.A. $IRS

Key Points

• Bosun Asset Management LLC reduced its holdings in IRSA Inversiones Y Representaciones by 27.2%, now owning 131,192 shares valued at approximately $1.69 million.
• Shares of IRSA Inversiones Y Representaciones experienced a 3.6% decline and currently trade at $13.89, with a market capitalization of $1.05 billion.
• Analysts at Wall Street Zen have downgraded IRSA's rating from "strong-buy" to "buy".

Bosun Asset Management LLC lowered its stake in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,192 shares of the financial services provider's stock after selling 49,022 shares during the quarter. IRSA Inversiones Y Representaciones makes up 0.7% of Bosun Asset Management LLC's investment portfolio, making the stock its 24th largest position. Bosun Asset Management LLC owned about 0.17% of IRSA Inversiones Y Representaciones worth $1,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IRS. Fourth Sail Capital LP bought a new position in IRSA Inversiones Y Representaciones in the 1st quarter worth about $7,271,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 valued at $11,835,000 after acquiring an additional 424,052 shares during the last quarter. Helikon Investments Ltd boosted its position in shares of IRSA Inversiones Y Representaciones by 15.2% during the 1st quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock valued at $18,427,000 after acquiring an additional 188,573 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter valued at about $1,956,000. Finally, GAMMA Investing LLC boosted its position in shares of IRSA Inversiones Y Representaciones by 1,209.7% during the 1st quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock valued at $795,000 after acquiring an additional 56,930 shares during the last quarter. Institutional investors own 45.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded 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 Price Performance

NYSE:IRS traded down $1.71 during mid-day trading on Monday, reaching $12.63. The stock had a trading volume of 1,016,512 shares, compared to its average volume of 167,862. The firm has a 50 day moving average price of $14.95 and a two-hundred day moving average price of $14.31. The stock has a market capitalization of $956.60 million, a P/E ratio of 6.15 and a beta of 1.47. IRSA Inversiones Y Representaciones S.A. has a one year low of $10.61 and a one year high of $17.67. 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 (NYSE:IRS - Get Free Report) last released its earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 earnings per share for the quarter. The company had revenue of $115.67 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.96% and a net margin of 36.40%.

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.