IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 1,209.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,636 shares of the financial services provider’s stock after acquiring an additional 56,930 shares during the quarter. GAMMA Investing LLC owned 0.08% of IRSA Inversiones Y Representaciones worth $795,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IRS. Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter worth $72,000. Jane Street Group LLC bought a new stake in shares of IRSA Inversiones Y Representaciones during the fourth quarter worth $154,000. XTX Topco Ltd acquired a new position in IRSA Inversiones Y Representaciones during the 4th quarter worth about $196,000. Tidal Investments LLC acquired a new position in IRSA Inversiones Y Representaciones during the 4th quarter worth about $388,000. Finally, Glenorchy Capital Ltd increased its position in IRSA Inversiones Y Representaciones by 5.4% in the 4th quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 2,262 shares in the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 6th.

IRSA Inversiones Y Representaciones Trading Down 1.4%

NYSE IRS opened at $13.56 on Wednesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.59 and a beta of 1.46. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88. IRSA Inversiones Y Representaciones S.A. has a 52 week low of $7.92 and a 52 week high of $17.67. The stock’s 50 day moving average price is $14.53 and its two-hundred day moving average price is $14.51.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. The firm had revenue of $117.45 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%.

About IRSA Inversiones Y Representaciones

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.