IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Cut to Hold at StockNews.com

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Separately, Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.50 to $13.00 in a research note on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 2.5 %

NYSE:IRS traded down $0.37 during trading hours on Friday, hitting $14.24. 227,581 shares of the stock traded hands, compared to its average volume of 121,120. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $12.20 and a 200 day moving average price of $10.64. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -3.08 and a beta of 1.28. IRSA Inversiones y Representaciones Sociedad Anónima has a fifty-two week low of $6.09 and a fifty-two week high of $14.71.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.24% and a negative net margin of 79.31%. The company had revenue of $129.87 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $27,000. GAMMA Investing LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares in the last quarter. Advisors Preferred LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $94,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at about $269,000. Finally, Ping Capital Management Inc. purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $289,000. 45.46% of the stock is owned by institutional investors and hedge funds.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.