IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Downgraded to Hold Rating by StockNews.com

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

Separately, Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

IRS opened at $13.99 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.03 and a beta of 1.28. The firm’s fifty day moving average price is $12.28 and its two-hundred day moving average price is $10.68. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $6.09 and a 1 year high of $14.71.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share (EPS) for the quarter. The firm had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.24%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at about $27,000. GAMMA Investing LLC increased 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 valued at $39,000 after buying an additional 1,419 shares during the period. Advisors Preferred LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth approximately $94,000. BW Gestao de Investimentos Ltda. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth approximately $269,000. Finally, Ping Capital Management Inc. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second 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.