IRSA Inversiones Y Representaci (IRS) Reaches New 52-Week High

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In the market the company is trading up by 8.39% percent from yesterday’s close. Shares are trading at $26.99 which is slightly above $24.82, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $24.39. The 50 day moving average went up by +8.76% whereas the 200 day average was up by +10.66%.

Investors are more bearish on shares of the company recently if you take into consideration the motion in short interest. The firm had a rise in short interest between September 15, 2017 and September 29, 2017 of 11.83%. Short interest grew from 98,306 to 109,938 over that period. Days to cover increased 1.0 to 3.0 and the percentage of shorted shares was 0.00% on September 29.

IRSA Inversiones y Representaciones Sociedad Anonima, launched on June 23, 1943, is a holding company. The Company invests on its own behalf and through investee companies in companies mainly operating in various sectors of the Israeli and global economy. The Business’s segments include Cellcom, Property and Buildings and projects in Las Vegas, Shufersal, Adama, Clal Insurance Enterprise Holdings and Others..

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Macquarie Group Ltd had bought 34,980 shares growing its position 1.7%. The value of the investment in IRSA Inversiones Y Representaci increased from $50,017,000 to $50,066,000 a change of $49,000 quarter over quarter. As of quarter end Ashmore Group Plc had disposed of a total of 124,057 shares trimming its holdings by 73.2%. The value in dollars went from $4,153,000 to $1,095,000 decreasing 73.6% since the last quarter.

As of the end of the quarter Tricadia Capital Management, LLC had acquired a total of 45,300 shares growing its stake by 7.7%. The value of the total investment in IRSA Inversiones Y Representaci increased from $14,367,000 to $15,231,000 a change of 6.0% quarter to quarter. Bienville Capital Management, LLC augmented its investment by buying 2,850 shares an increase of 22.1% in the quarter. Bienville Capital Management, LLC controls 15,720 shares worth $379,000. The value of the position overall is up by 20.3%.

IRSA Inversiones Y Representaci currently has a P/E ratio of 8.91 and the market cap is 1.55B.