BlackRock Inc. Has $9.89 Million Position in Irsa Inversiones y Rprsntcins SA (IRS)

BlackRock Inc. raised its stake in Irsa Inversiones y Rprsntcins SA (NYSE:IRS) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 757,629 shares of the financial services provider’s stock after buying an additional 39,506 shares during the quarter. BlackRock Inc. owned about 1.31% of Irsa Inversiones y Rprsntcins worth $9,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC lifted its holdings in shares of Irsa Inversiones y Rprsntcins by 16.7% during the 3rd quarter. Renaissance Technologies LLC now owns 52,400 shares of the financial services provider’s stock worth $888,000 after acquiring an additional 7,500 shares during the period. Nordea Investment Management AB bought a new position in shares of Irsa Inversiones y Rprsntcins during the 3rd quarter worth about $468,000. Standard Life Aberdeen plc bought a new position in shares of Irsa Inversiones y Rprsntcins during the 3rd quarter worth about $763,000. Legal & General Group Plc bought a new position in shares of Irsa Inversiones y Rprsntcins during the 3rd quarter worth about $93,000. Finally, Acadian Asset Management LLC bought a new position in shares of Irsa Inversiones y Rprsntcins during the 4th quarter worth about $365,000. 23.04% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “sell” rating in a report on Saturday.

Shares of IRS stock opened at $10.31 on Monday. Irsa Inversiones y Rprsntcins SA has a 12-month low of $9.83 and a 12-month high of $25.33. The stock has a market cap of $596.62 million, a P/E ratio of 2.16 and a beta of 1.40. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 2.56.

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Irsa Inversiones y Rprsntcins Profile

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.

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Institutional Ownership by Quarter for Irsa Inversiones y Rprsntcins (NYSE:IRS)

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