Helikon Investments Ltd Decreases Position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Helikon Investments Ltd lowered its stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 2.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,239,902 shares of the financial services provider’s stock after selling 26,446 shares during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima comprises about 1.9% of Helikon Investments Ltd’s holdings, making the stock its 13th largest position. Helikon Investments Ltd’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $18,512,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,419 shares in the last quarter. Quadrature Capital Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $199,000. JPMorgan Chase & Co. grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 8,258 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $473,000. Finally, Crocodile Capital Partners GmbH acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at approximately $541,000. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRS stock opened at $15.77 on Monday. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $7.10 and a one year high of $17.67. The company’s 50-day simple moving average is $15.92 and its 200-day simple moving average is $12.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its earnings results on Wednesday, November 6th. The financial services provider reported ($1.55) EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%. The firm had revenue of $95.57 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a dividend of $3.60 per share. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is presently -21.53%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

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.