Serengeti Asset Management LP Has Boosted Irsa Inversiones Y Rep S A (IRS) Holding By $3.37 Million; Dex Media Has 0.84 Sentiment

September 4, 2017 - By Vivian Park

Delaware Enhanced Global Dividend and Income Fund is a diversified closed-end management investment fund. The company has market cap of $184.81 million. The Company’s primary investment objective is to seek current income. It currently has negative earnings. The Company’s secondary objective is capital appreciation.

Serengeti Asset Management Lp increased Irsa Inversiones Y Rep S A (IRS) stake by 18.7% reported in 2016Q4 SEC filing. Serengeti Asset Management Lp acquired 187,000 shares as Irsa Inversiones Y Rep S A (IRS)’s stock rose 11.75%. The Serengeti Asset Management Lp holds 1.19 million shares with $21.89 million value, up from 1.00 million last quarter. Irsa Inversiones Y Rep S A now has $1.45B valuation. The stock increased 3.51% or $0.85 on September 1, reaching $25.05. About shares traded. Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) has risen 79.62% since September 4, 2016 and is uptrending. It has outperformed by 62.92% the S&P500.

Among 2 analysts covering IRSA Inversiones (NYSE:IRS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. IRSA Inversiones had 4 analyst reports since August 11, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, July 21. As per Wednesday, November 23, the company rating was upgraded by Morgan Stanley. Morgan Stanley downgraded it to “Overweight” rating and $19 target in Tuesday, August 11 report. Zacks upgraded Irsa Inversiones y Rprsntcins SA (ADR) (NYSE:IRS) on Monday, September 7 to “Hold” rating.

Alethea Capital Management Llc holds 1.6% of its portfolio in Delaware Enhanced Glbl. Div. & Inc. Fund for 125,075 shares. Saba Capital Management L.P. owns 861,254 shares or 0.89% of their US portfolio. Moreover, Bulldog Investors Llc has 0.8% invested in the company for 308,956 shares. The Pennsylvania-based Blue Bell Private Wealth Management Llc has invested 0.63% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 295,703 shares.

The stock increased 0.78% or $0.09 on September 1, reaching $11.65. About shares traded. Delaware Enhanced Glbl. Div. & Inc. Fund (DEX) has risen 22.39% since September 4, 2016 and is uptrending. It has outperformed by 5.69% the S&P500.