Invesco Ltd. Raises Stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Invesco Ltd. raised its position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 95.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,790 shares of the financial services provider's stock after buying an additional 25,738 shares during the quarter. Invesco Ltd. owned about 0.07% of IRSA Inversiones y Representaciones Sociedad Anónima worth $788,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after purchasing an additional 76,035 shares in the last quarter. Crocodile Capital Partners GmbH acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $541,000. Ping Capital Management Inc. increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% in the fourth quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider's stock valued at $956,000 after buying an additional 13,700 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at approximately $72,000. Finally, Systrade AG boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the 4th quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock worth $1,547,000 after acquiring an additional 3,601 shares in the last quarter. Hedge funds and other institutional investors own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE IRS traded down $0.05 during trading hours on Thursday, reaching $14.35. The company's stock had a trading volume of 26,011 shares, compared to its average volume of 155,257. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The company's 50-day moving average is $13.42 and its two-hundred day moving average is $14.39. IRSA Inversiones y Representaciones Sociedad Anónima has a fifty-two week low of $7.97 and a fifty-two week high of $17.67. The stock has a market cap of $1.09 billion, a PE ratio of -3.36 and a beta of 1.43.

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

Analyst Ratings Changes

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.

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.