IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $13.54 and last traded at $13.40, with a volume of 20475 shares traded. The stock had previously closed at $13.19.
Analysts Set New Price Targets
A number of equities analysts have weighed in on IRS shares. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, September 6th.
Check Out Our Latest Analysis on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.9 %
The company has a 50 day moving average price of $11.79 and a 200 day moving average price of $10.50. The firm has a market cap of $994.11 million, a price-to-earnings ratio of 44.37 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 0.89.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly earnings results 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 27.55% and a net margin of 5.40%. The business had revenue of $129.87 million for the quarter.
Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
Several large investors have recently modified their holdings of IRS. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at $96,000. Advisors Preferred LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth about $94,000. Acadian Asset Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth about $27,000. Secure Asset Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth about $771,000. Finally, BW Gestao de Investimentos Ltda. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth about $269,000. Institutional investors and hedge funds own 45.46% of the company's stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
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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.
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