IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Down 6.8% – What’s Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) fell 6.8% during trading on Wednesday . The stock traded as low as $10.84 and last traded at $10.72. 35,644 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 162,668 shares. The stock had previously closed at $11.50.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded 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 Performance

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 capitalization of $970.99 million, a price-to-earnings ratio of -3.00 and a beta of 1.23. The firm has a fifty day moving average of $13.32 and a 200-day moving average of $14.14.

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 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IRS. GAMMA Investing LLC lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th 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. Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $72,000. Jane Street Group LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at $154,000. XTX Topco Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $196,000. Finally, Quadrature Capital Ltd purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth about $199,000. 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.