IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 12-Month High - Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $12.81 and last traded at $12.79, with a volume of 9519 shares trading hands. The stock had previously closed at $12.60.

Analyst Ratings Changes

IRS has been the subject of a number of research analyst reports. StockNews.com upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, September 6th. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 4.8 %

The company's 50 day moving average price is $11.46 and its two-hundred day moving average price is $10.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. The stock has a market cap of $976.09 million, a P/E ratio of 20.76 and a beta of 1.30.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 29.86% and a net margin of 5.40%. The firm had revenue of $129.87 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IRS. Secure Asset Management LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% in the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider's stock worth $1,103,000 after buying an additional 10,824 shares during the period. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $1,138,000. GAMMA Investing LLC grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider's stock worth $39,000 after purchasing an additional 1,419 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at approximately $473,000. Finally, Ping Capital Management Inc. purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth approximately $289,000. 45.46% of the stock is currently owned by 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.