Helikon Investments Ltd Has $32.98 Million Position in IRSA Inversiones Y Representaciones S.A. $IRS

Helikon Investments Ltd increased its position in IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 65.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,367,181 shares of the financial services provider’s stock after buying an additional 938,706 shares during the period. IRSA Inversiones Y Representaciones accounts for approximately 2.0% of Helikon Investments Ltd’s investment portfolio, making the stock its 13th biggest holding. Helikon Investments Ltd owned about 3.12% of IRSA Inversiones Y Representaciones worth $32,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IRS. Fourth Sail Capital LP acquired a new position in shares of IRSA Inversiones Y Representaciones during the first quarter worth approximately $7,271,000. Millennium Management LLC acquired a new position in IRSA Inversiones Y Representaciones during the first quarter worth $4,209,000. Absolute Gestao de Investimentos Ltda. bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at $1,956,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of IRSA Inversiones Y Representaciones by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider’s stock valued at $11,164,000 after buying an additional 72,738 shares during the last quarter. Finally, Ping Capital Management Inc. increased its position in shares of IRSA Inversiones Y Representaciones by 40.9% during the first quarter. Ping Capital Management Inc. now owns 90,200 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 26,200 shares in the last quarter. Institutional investors own 45.46% of the company’s stock.

Analyst Upgrades and Downgrades

IRS has been the subject of a number of analyst reports. Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, IRSA Inversiones Y Representaciones currently has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE IRS opened at $15.89 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $12.89 and a two-hundred day simple moving average of $14.14. IRSA Inversiones Y Representaciones S.A. has a 1-year low of $10.61 and a 1-year high of $17.67. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 7.74 and a beta of 1.50.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter. The business had revenue of $97.35 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.

IRSA Inversiones Y Representaciones 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.