IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Up 12.4% - What's Next?

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) rose 12.4% on Monday . The stock traded as high as $14.46 and last traded at $14.36. Approximately 109,138 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 163,446 shares. The stock had previously closed at $12.77.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 4.6 %

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The business's fifty day moving average price is $13.33 and its two-hundred day moving average price is $14.20. The firm has a market cap of $1.11 billion, a P/E ratio of -3.42 and a beta of 1.23.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its quarterly earnings results 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 Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds have recently bought and sold shares of IRS. GAMMA Investing LLC raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 1,209.7% in the 1st quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock valued at $795,000 after acquiring an additional 56,930 shares in the last quarter. Tidal Investments LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth $388,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 115.0% in the 4th 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 buying an additional 424,052 shares during the period. Glenorchy Capital Ltd raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% in the 4th quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock valued at $656,000 after buying an additional 2,262 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 59.0% during the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock worth $2,691,000 after acquiring an additional 66,890 shares during the period. 45.46% of the stock is owned by institutional investors.

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.