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

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 released on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 1.6 %

IRS traded down $0.23 during trading on Monday, hitting $14.12. The company's stock had a trading volume of 91,349 shares, compared to its average volume of 186,434. The stock has a market cap of $1.06 billion, a PE ratio of -3.30 and a beta of 1.35. 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 firm's 50 day moving average price is $14.99 and its 200-day moving average price is $13.52. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly 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%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirabella Financial Services LLP bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth about $877,000. GAMMA Investing LLC boosted its position 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 valued at $70,000 after buying an additional 1,288 shares in the last quarter. JPMorgan Chase & Co. boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider's stock valued at $228,000 after buying an additional 8,258 shares in the last quarter. Crocodile Capital Partners GmbH bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $541,000. Finally, BNP Paribas Financial Markets raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider's stock worth $1,120,000 after buying an additional 12,071 shares during the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.