OceanIQ Capital LLC acquired a new position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 66,588 shares of the financial services provider's stock, valued at approximately $968,000. IRSA Inversiones Y Representaciones accounts for about 0.6% of OceanIQ Capital LLC's holdings, making the stock its 25th largest position. OceanIQ Capital LLC owned 0.08% of IRSA Inversiones Y Representaciones as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of IRS. Van ECK Associates Corp purchased a new stake in shares of IRSA Inversiones Y Representaciones during the third quarter worth $25,000. Triumph Capital Management purchased a new stake in IRSA Inversiones Y Representaciones during the 2nd quarter worth about $48,000. FNY Investment Advisers LLC purchased a new stake in IRSA Inversiones Y Representaciones during the 2nd quarter worth about $60,000. Brevan Howard Capital Management LP bought a new position in IRSA Inversiones Y Representaciones in the 3rd quarter worth about $130,000. Finally, Engineers Gate Manager LP purchased a new position in IRSA Inversiones Y Representaciones during the second quarter valued at approximately $148,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $23.00.
Check Out Our Latest Stock Analysis on IRS
Insider Transactions at IRSA Inversiones Y Representaciones
In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the firm's stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 25.06% of the stock is currently owned by insiders.
IRSA Inversiones Y Representaciones Price Performance
IRS stock opened at $15.14 on Friday. IRSA Inversiones Y Representaciones S.A. has a 12-month low of $10.87 and a 12-month high of $19.14. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 4.38 and a beta of 1.30. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The firm's 50-day moving average price is $15.13 and its two-hundred day moving average price is $15.22.
IRSA Inversiones Y Representaciones Company Profile
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Free Report)
IRSA Inversiones y Representaciones SA NYSE: IRS is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.
IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.
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