IRSA Inversiones Y Representaciones S.A. $IRS Position Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in IRSA Inversiones Y Representaciones S.A. by 9.2%, acquiring an additional 72,738 shares, bringing its total ownership to approximately 865,448 shares worth $11.16 million.
• Other hedge funds also increased their stakes in IRSA, with notable increases from Cubist Systematic Strategies LLC (42.7%) and Helikon Investments Ltd (15.2%) during the same period.
• IRSA's stock has experienced a recent decline of 0.7%, with a market capitalization of approximately $947 million and earnings reported at $1.74 per share for its latest quarter.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 865,448 shares of the financial services provider's stock after purchasing an additional 72,738 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.14% of IRSA Inversiones Y Representaciones worth $11,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IRS. Ridgewood Investments LLC raised its stake in 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 valued at $61,000 after purchasing an additional 4,200 shares during the last quarter. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones Y Representaciones during the 1st quarter valued at about $136,000. Jane Street Group LLC acquired a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at about $154,000. Cubist Systematic Strategies LLC increased its stake in shares of IRSA Inversiones Y Representaciones by 42.7% during 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 last quarter. Finally, Tidal Investments LLC acquired a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at about $388,000. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Stock Down 5.2%

Shares of IRSA Inversiones Y Representaciones stock traded down $0.66 on Friday, hitting $11.90. 337,166 shares of the company's stock traded hands, compared to its average volume of 271,274. The stock has a market cap of $901.81 million, a P/E ratio of 5.79 and a beta of 1.47. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average is $14.75 and its 200 day moving average is $14.27. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $10.61 and a 52-week high of $17.67.

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 EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.96% and a net margin of 36.40%.The company had revenue of $115.67 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research note on Saturday.

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.