Tidal Investments LLC Makes New Investment in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Tidal Investments LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 25,974 shares of the financial services provider's stock, valued at approximately $388,000.

Several other institutional investors have also recently added to or reduced their stakes in IRS. Pictet Asset Management Holding SA acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $72,000. Jane Street Group LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $154,000. XTX Topco Ltd purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $196,000. JPMorgan Chase & Co. increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock worth $228,000 after buying an additional 8,258 shares during the last quarter. Finally, Glenorchy Capital Ltd increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock worth $656,000 after buying an additional 2,262 shares during the last quarter. Institutional investors own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of NYSE IRS traded up $0.06 during midday trading on Tuesday, reaching $15.21. 111,911 shares of the company traded hands, compared to its average volume of 160,449. The firm has a market cap of $1.15 billion, a PE ratio of -3.56 and a beta of 1.43. The stock's 50-day simple moving average is $14.16 and its 200-day simple moving average is $14.65. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $7.92 and a 12 month high of $17.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (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 (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%. The business had revenue of $117.45 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.