IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Upgraded 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.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 1.1 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $14.06 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $7.10 and a 1 year high of $17.67. The stock has a 50-day moving average price of $15.03 and a 200 day moving average price of $13.51. The company has a market cap of $1.05 billion, a P/E ratio of -3.29 and a beta of 1.35.

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

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mirabella Financial Services LLP acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth approximately $877,000. BNP Paribas Financial Markets grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock worth $1,120,000 after acquiring an additional 12,071 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth $199,000. JPMorgan Chase & Co. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 8,258 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 1,288 shares during the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.