IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Down - What's Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.27, but opened at $13.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.99, with a volume of 46,868 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The firm has a market cap of $1.06 billion, a PE ratio of -3.30 and a beta of 1.35. The company has a 50 day simple moving average of $14.94 and a 200-day simple moving average of $13.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its earnings results on Friday, February 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently made changes to their positions in IRS. Brevan Howard Capital Management LP purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at approximately $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 115.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider's stock valued at $11,835,000 after purchasing an additional 424,052 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $877,000. JPMorgan Chase & Co. boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the fourth quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock valued at $1,434,000 after purchasing an additional 76,035 shares during the period. Finally, Bosun Asset Management LLC boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 59.0% during the fourth quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock valued at $2,691,000 after purchasing an additional 66,890 shares during the period. Hedge funds and other institutional investors own 45.46% of the company's stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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.