IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stake Increased by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 71.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,418 shares of the financial services provider’s stock after buying an additional 1,419 shares during the quarter. GAMMA Investing LLC’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of IRS. Helikon Investments Ltd boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% during the 1st quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock worth $11,853,000 after acquiring an additional 42,494 shares during the period. RFG Advisory LLC boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 37,598 shares during the period. Secure Asset Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth approximately $771,000. Sanctuary Advisors LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at approximately $473,000. Finally, Ping Capital Management Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at approximately $289,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

IRS has been the subject of a number of research reports. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS opened at $12.29 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market cap of $908.11 million, a PE ratio of 19.51 and a beta of 1.30. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $5.88 and a twelve month high of $12.77. The firm’s 50 day moving average price is $11.25 and its 200 day moving average price is $10.24.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The business had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 29.86%.

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.