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

StockNews.com upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) from a hold rating to a buy rating in a research note released on Monday morning.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE IRS opened at $14.06 on Monday. The stock has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $13.51. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67. The stock has a market capitalization of $1.05 billion, a PE ratio of -3.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued 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 positive return on equity of 10.23% and a negative net margin of 79.08%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 1,288 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $72,000. Jane Street Group LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth $154,000. XTX Topco Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $196,000. Finally, Quadrature Capital Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at $199,000. 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.