Arrowstreet Capital Limited Partnership Sells 59,538 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Arrowstreet Capital Limited Partnership cut its holdings in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,683 shares of the financial services provider's stock after selling 59,538 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.12% of IRSA Inversiones y Representaciones Sociedad Anónima worth $1,354,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $72,000. JPMorgan Chase & Co. boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the fourth quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock valued at $1,434,000 after acquiring an additional 76,035 shares during the period. Stokes Family Office LLC increased its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after purchasing an additional 1,611 shares during the period. Ping Capital Management Inc. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the 4th quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider's stock worth $956,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Crocodile Capital Partners GmbH bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at approximately $541,000. 45.46% of the stock is owned by institutional investors and hedge funds.

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IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

IRS stock traded down $0.05 during trading on Tuesday, reaching $13.83. 300,502 shares of the stock were exchanged, compared to its average volume of 164,994. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.92 and a twelve month high of $17.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.05 billion, a P/E ratio of -3.24 and a beta of 1.23. The stock has a 50 day simple moving average of $13.29 and a 200-day simple moving average of $14.18.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share for 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%.

Analyst Ratings Changes

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.

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.