StockNews.com upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) from a hold rating to a buy rating in a research note published on Monday.
IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 1.6 %
NYSE:IRS traded down $0.23 during mid-day trading on Monday, hitting $14.12. 91,349 shares of the company's stock were exchanged, compared to its average volume of 186,434. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $7.10 and a one year high of $17.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The business has a fifty day moving average price of $14.99 and a 200 day moving average price of $13.52. The company has a market cap of $1.06 billion, a PE ratio of -3.30 and a beta of 1.35.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock worth $70,000 after buying an additional 1,288 shares during the last quarter. Pictet Asset Management Holding SA purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $72,000. Jane Street Group LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $154,000. XTX Topco Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $196,000. Finally, Quadrature Capital Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $199,000. 45.46% of the stock is owned by hedge funds and other institutional investors.
About IRSA Inversiones y Representaciones Sociedad Anónima
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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.
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