Stokes Family Office LLC Boosts Stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Stokes Family Office LLC raised its position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,416 shares of the financial services provider’s stock after buying an additional 1,611 shares during the period. Stokes Family Office LLC owned approximately 0.06% of IRSA Inversiones y Representaciones Sociedad Anónima worth $693,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ping Capital Management Inc. boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% in the 4th quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider’s stock valued at $956,000 after buying an additional 13,700 shares during the last quarter. Crocodile Capital Partners GmbH purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $541,000. Systrade AG boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock valued at $1,547,000 after buying an additional 3,601 shares during the last quarter. GAMMA Investing LLC boosted its position 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 valued at $70,000 after buying an additional 1,288 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 worth $228,000 after purchasing an additional 8,258 shares during the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRS stock opened at $13.09 on Wednesday. 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 has a one year low of $7.92 and a one year high of $17.67. The company’s 50-day simple moving average is $14.19 and its 200-day simple moving average is $14.01. The stock has a market capitalization of $979.67 million, a price-to-earnings ratio of -3.06 and a beta of 1.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

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.