13F: Autonomy Capital LP Cut Its Irsa Inversiones Y Rep S A (IRS) Holding as Share Price Rose

13F: Autonomy Capital LP Cut Its Irsa Inversiones Y Rep S A (IRS) Holding as Share Price Rose

Robert Charles Gibbins decreased its stake in Irsa Inversiones Y Rep S A (IRS) by 76.54% based on its latest 2016Q3 regulatory filing with the SEC. Autonomy Capital Lp sold 700,723 shares as the company’s stock rose 9.83% with the market. The hedge fund run by Robert Charles Gibbins held 214,717 shares of the homebuilding company at the end of 2016Q3, valued at $4.08M, down from 915,440 at the end of the previous reported quarter. Autonomy Capital Lp who had been investing in Irsa Inversiones Y Rep S A for a number of months, seems to be less bullish one the $1.17 billion market cap company. The stock is down 0.55% or $0.11 after the negative news, hitting $19.72 per share. About 32,322 shares traded hands. Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) has risen 20.84% since June 7, 2016 and is uptrending. It has outperformed by 13.42% the S&P500.

Autonomy Capital Lp, which manages about $4.40 billion and $236.17 million US Long portfolio, upped its stake in Ishares Tr (Put) (EEM) by 107,000 shares to 137,000 shares, valued at $5.13 million in 2016Q3, according to the filing.

Autonomy Capital Lp is a Jersey-based hedge fund that was founded by Robert Charles Gibbins. It had more than $4.40 billion assets under management in May, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Autonomy Capital latest Adv, the fund reported to have 51 full and part-time employees. Among which 22 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Analysts await Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) to report earnings on February, 9.

More notable recent Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) news were published by: Benzinga.com which released: “40 Big Brands Likely Returning To Argentina With The Government Change” on December 08, 2015, also Reuters.com with their article: “IRSA Inversiones y Representaciones SA sells real estate asset for 649 mln pesos” published on December 10, 2015, Reuters.com published: “IRSA Inversiones y Representaciones SA invests additional $45 mln in Dolphin Fund Ltd” on June 01, 2015. More interesting news about Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) were released by: Reuters.com and their article: “IRSA Inversiones y Representaciones SA unit opens new commercial center” published on March 17, 2015 as well as Reuters.com‘s news article titled: “IRSA Inversiones y Representaciones SA sells its stake in Bitania 26 S.A.” with publication date: February 06, 2015.

According to Zacks Investment Research, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil.”

Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) Ratings Coverage

Out of 2 analysts covering IRSA Inversiones (NYSE:IRS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. IRSA Inversiones has been the topic of 4 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Tuesday, August 11, the company rating was downgraded by Morgan Stanley. The rating was upgraded by Zacks to “Hold” on Monday, September 7. The rating was downgraded by Morgan Stanley on Thursday, July 21 to “Equal-Weight”. On Wednesday, November 23 the stock rating was upgraded by Morgan Stanley to “Overweight”.

IRS Company Profile

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

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