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

Ping Capital Management Inc. raised its stake in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Free Report) by 40.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 90,200 shares of the financial services provider's stock after purchasing an additional 26,200 shares during the period. IRSA Inversiones Y Representaciones accounts for about 0.4% of Ping Capital Management Inc.'s investment portfolio, making the stock its 28th biggest holding. Ping Capital Management Inc. owned approximately 0.12% of IRSA Inversiones Y Representaciones worth $1,164,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in IRS. Pictet Asset Management Holding SA purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $72,000. Jane Street Group LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $154,000. XTX Topco Ltd purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $196,000. Tidal Investments LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at about $388,000. Finally, Glenorchy Capital Ltd lifted its position in shares of IRSA Inversiones Y Representaciones by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock valued at $656,000 after acquiring an additional 2,262 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRSA Inversiones Y Representaciones stock traded down $0.21 during trading hours on Friday, hitting $14.71. The company's stock had a trading volume of 62,781 shares, compared to its average volume of 162,601. 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 company has a market cap of $1.11 billion, a PE ratio of 9.32 and a beta of 1.41. IRSA Inversiones Y Representaciones S.A. has a 12-month low of $7.93 and a 12-month high of $17.67. The business has a 50 day moving average price of $14.68 and a two-hundred day moving average price of $14.23.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 12th.

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.