IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Up 4.3% - Still a Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report)'s share price rose 4.3% during mid-day trading on Friday . The company traded as high as $15.64 and last traded at $15.63. Approximately 55,959 shares traded hands during trading, a decline of 63% from the average daily volume of 153,263 shares. The stock had previously closed at $14.99.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating and lifted their price target for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com downgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "hold" rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 1.8 %

The business has a fifty day moving average price of $12.54 and a 200 day moving average price of $10.82. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89.

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

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in 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. Quadrature Capital Ltd bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth $199,000. BW Gestao de Investimentos Ltda. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $269,000. Finally, Ping Capital Management Inc. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at $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.