IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Stake Raised by Ping Capital Management Inc.

Ping Capital Management Inc. boosted its position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 40.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,200 shares of the financial services provider's stock after buying an additional 26,200 shares during the period. IRSA Inversiones Y Representaciones makes up about 0.4% of Ping Capital Management Inc.'s holdings, making the stock its 28th biggest position. Ping Capital Management Inc. owned approximately 0.12% of IRSA Inversiones Y Representaciones worth $1,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $11,835,000 after buying an additional 424,052 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 4th quarter worth about $7,783,000. Bosun Asset Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 59.0% during the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock worth $2,691,000 after purchasing an additional 66,890 shares during the period. JPMorgan Chase & Co. boosted its holdings in IRSA Inversiones Y Representaciones by 379.9% in the 4th 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 during the period. Finally, Mirabella Financial Services LLP boosted its holdings in IRSA Inversiones Y Representaciones by 14.8% in the 4th quarter. Mirabella Financial Services LLP now owns 88,504 shares of the financial services provider's stock worth $1,321,000 after acquiring an additional 11,411 shares during the period. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Stock Performance

Shares of NYSE:IRS traded down $0.03 on Monday, hitting $14.69. The company's stock had a trading volume of 14,448 shares, compared to its average volume of 162,222. IRSA Inversiones Y Representaciones S.A. has a 12 month low of $7.93 and a 12 month high of $17.67. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 9.32 and a beta of 1.41. The stock's 50-day moving average is $14.68 and its two-hundred day moving average is $14.21. 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 quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%. The business had revenue of $117.45 million during the quarter.

Wall Street Analyst Weigh In

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

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.