QRG Capital Management Inc. Buys New Stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

QRG Capital Management Inc. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 20,618 shares of the financial services provider’s stock, valued at approximately $177,000.

A number of other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,908 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 14,332 shares during the last quarter. Jump Financial LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at approximately $81,000. Capricorn Fund Managers Ltd grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the fourth quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock worth $1,627,000 after acquiring an additional 1,589 shares during the last quarter. FNY Investment Advisers LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth $38,000. Finally, RFG Advisory LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at $568,000. 45.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS stock opened at $11.09 on Wednesday. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $5.57 and a 12 month high of $11.67. The company has a market capitalization of $819.44 million, a P/E ratio of 17.57 and a beta of 1.33. The stock has a 50 day moving average of $9.71 and a two-hundred day moving average of $8.69. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24.

IRSA Inversiones y Representaciones Sociedad Anónima 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.