IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.67 and traded as high as $13.98. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.48, with a volume of 116,942 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 2.5 %

The stock has a fifty day moving average of $14.82 and a two-hundred day moving average of $13.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -3.15 and a beta of 1.35.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share 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

Several large investors have recently made changes to their positions in IRS. Brevan Howard Capital Management LP purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 115.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider’s stock worth $11,835,000 after buying an additional 424,052 shares during the period. Mirabella Financial Services LLP acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $877,000. JPMorgan Chase & Co. lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 76,035 shares in the last quarter. Finally, Bosun Asset Management LLC lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 59.0% during the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider’s stock worth $2,691,000 after acquiring an additional 66,890 shares in the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

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.