JPMorgan Chase & Co. Boosts Stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

JPMorgan Chase & Co. raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 379.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,049 shares of the financial services provider's stock after purchasing an additional 76,035 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of IRSA Inversiones y Representaciones Sociedad Anónima worth $1,434,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Crocodile Capital Partners GmbH purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at $541,000. Ping Capital Management Inc. grew its stake in shares of 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 worth $956,000 after purchasing an additional 13,700 shares during the last quarter. Systrade AG increased its holdings in 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 valued at $1,547,000 after purchasing an additional 3,601 shares during the period. Stokes Family Office LLC raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the 4th quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock valued at $693,000 after purchasing an additional 1,611 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock worth $70,000 after buying an additional 1,288 shares during the period. Hedge funds and other institutional investors 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 Down 0.5 %

Shares of NYSE:IRS traded down $0.08 during trading on Thursday, hitting $13.82. The stock had a trading volume of 3,329 shares, compared to its average volume of 163,281. The company has a market capitalization of $1.05 billion, a PE ratio of -3.23 and a beta of 1.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average is $13.36 and its 200 day moving average is $14.34. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $7.92 and a 12 month high of $17.67.

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 (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%.

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.