Ruane Cunniff & Goldfarb Inc. Acquires 106,000 Shares of IRSA Inversiones Y Representaciones S.A. (IRS)

Ruane Cunniff & Goldfarb Inc. grew its holdings in shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) by 22.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 571,000 shares of the financial services provider’s stock after purchasing an additional 106,000 shares during the quarter. Ruane Cunniff & Goldfarb Inc. owned about 0.99% of IRSA Inversiones Y Representaciones worth $14,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its holdings in IRSA Inversiones Y Representaciones by 109.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 209,328 shares of the financial services provider’s stock worth $5,138,000 after acquiring an additional 109,260 shares during the period. Macquarie Group Ltd. raised its holdings in IRSA Inversiones Y Representaciones by 3.8% in the 3rd quarter. Macquarie Group Ltd. now owns 2,153,944 shares of the financial services provider’s stock worth $52,879,000 after acquiring an additional 78,331 shares during the period. Glen Point Capital LLP bought a new position in IRSA Inversiones Y Representaciones in the 3rd quarter worth $1,478,000. Dorsey Wright & Associates raised its holdings in IRSA Inversiones Y Representaciones by 47.1% in the 3rd quarter. Dorsey Wright & Associates now owns 173,163 shares of the financial services provider’s stock worth $4,288,000 after acquiring an additional 55,480 shares during the period. Finally, Tricadia Capital Management LLC raised its holdings in IRSA Inversiones Y Representaciones by 7.7% in the 2nd quarter. Tricadia Capital Management LLC now owns 631,469 shares of the financial services provider’s stock worth $15,231,000 after acquiring an additional 45,300 shares during the period. Institutional investors and hedge funds own 19.75% of the company’s stock.

Several research analysts recently commented on IRS shares. TheStreet upgraded shares of IRSA Inversiones Y Representaciones from a “c” rating to a “b” rating in a report on Friday, November 17th. ValuEngine upgraded shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, BidaskClub upgraded shares of IRSA Inversiones Y Representaciones from a “sell” rating to a “hold” rating in a report on Sunday, August 6th.

Shares of IRSA Inversiones Y Representaciones S.A. (IRS) traded down $0.79 on Monday, reaching $29.40. 39,200 shares of the company traded hands, compared to its average volume of 51,536. IRSA Inversiones Y Representaciones S.A. has a 12-month low of $17.00 and a 12-month high of $30.86. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.31.

The company also recently announced an annual dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 13th were issued a $1.36 dividend. The ex-dividend date was Friday, November 10th.

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IRSA Inversiones Y Representaciones Profile

Institutional Ownership by Quarter for IRSA Inversiones Y Representaciones (NYSE:IRS)

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