GAMMA Investing LLC Has $795,000 Stock Holdings in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)

GAMMA Investing LLC lifted its holdings in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 1,209.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,636 shares of the financial services provider's stock after purchasing an additional 56,930 shares during the period. GAMMA Investing LLC owned about 0.08% of IRSA Inversiones Y Representaciones worth $795,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IRS. Brevan Howard Capital Management LP purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter worth approximately $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of IRSA Inversiones Y Representaciones by 115.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider's stock worth $11,835,000 after acquiring an additional 424,052 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of IRSA Inversiones Y Representaciones by 379.9% in the fourth quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after acquiring an additional 76,035 shares in the last quarter. Bosun Asset Management LLC increased its position in shares of IRSA Inversiones Y Representaciones by 59.0% in the fourth quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock worth $2,691,000 after acquiring an additional 66,890 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter worth approximately $388,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Stock Up 1.4%

Shares of IRS stock traded up $0.20 during trading on Friday, hitting $13.94. 99,047 shares of the company were exchanged, compared to its average volume of 159,960. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.83 and a beta of 1.46. The business's 50-day simple moving average is $14.61 and its 200 day simple moving average is $14.44. IRSA Inversiones Y Representaciones S.A. has a twelve month low of $7.92 and a twelve month high of $17.67.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th.

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.