Invesco Ltd. Increases Position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Invesco Ltd. boosted its stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 95.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,790 shares of the financial services provider's stock after buying an additional 25,738 shares during the period. Invesco Ltd. owned approximately 0.07% of IRSA Inversiones y Representaciones Sociedad Anónima worth $788,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Systrade AG raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock valued at $1,547,000 after acquiring an additional 3,601 shares during the period. JPMorgan Chase & Co. raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% in the fourth quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock valued at $1,434,000 after purchasing an additional 76,035 shares during the period. Ping Capital Management Inc. lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the fourth quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider's stock worth $956,000 after purchasing an additional 13,700 shares in the last quarter. Stokes Family Office LLC boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after buying an additional 1,611 shares during the period. Finally, Crocodile Capital Partners GmbH acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at $541,000. Institutional investors and hedge funds own 45.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 2.7 %

IRS traded up $0.37 during trading hours on Tuesday, hitting $14.11. 107,818 shares of the company's stock were exchanged, compared to its average volume of 163,231. The firm has a market cap of $1.07 billion, a P/E ratio of -3.30 and a beta of 1.43. 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 current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $13.38 and a 200 day moving average of $14.40.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share 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%.

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.