MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 115.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 792,710 shares of the financial services provider's stock after acquiring an additional 424,052 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.06% of IRSA Inversiones y Representaciones Sociedad Anónima worth $11,835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IRS. JPMorgan Chase & Co. grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock valued at $228,000 after acquiring an additional 8,258 shares during the last quarter. Systrade AG grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth 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 last quarter. Crocodile Capital Partners GmbH bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $541,000. Ping Capital Management Inc. grew its position 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 valued at $956,000 after acquiring an additional 13,700 shares during the last quarter. Finally, Stokes Family Office LLC grew its position in 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 valued at $693,000 after acquiring an additional 1,611 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 1.2%

IRS stock traded up $0.18 on Thursday, reaching $15.70. The company's stock had a trading volume of 27,630 shares, compared to its average volume of 159,759. The business has a fifty day simple moving average of $13.82 and a two-hundred day simple moving average of $14.57. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.92 and a 12-month high of $17.67. The firm has a market cap of $1.19 billion, a PE ratio of -3.67 and a beta of 1.43. 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 announced its quarterly 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 during 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%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "strong-buy" rating to a "buy" rating in a research report on Thursday.

IRSA Inversiones y Representaciones Sociedad Anónima Company 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.