IRSA Inversiones Y Representaciones' (IRS) "Hold (C)" Rating Reaffirmed at Weiss Ratings

Key Points

• IRSA Inversiones Y Representaciones' stock rating has been reaffirmed as a "hold (C)" by Weiss Ratings, indicating a cautious outlook on the stock's performance.
• The company's stock has recently decreased by 0.5%, currently trading at $11.30, with a yearly range of $10.61 to $17.67.
• Institutional investors have been active in the stock, with notable increases in holdings from various hedge funds, representing 45.46% ownership from these entities.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".

IRSA Inversiones Y Representaciones Stock Down 0.5%

IRSA Inversiones Y Representaciones stock opened at $11.30 on Wednesday. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $17.67. The stock has a fifty day simple moving average of $13.72 and a two-hundred day simple moving average of $14.09. The company has a current ratio of 2.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a market cap of $856.20 million, a price-to-earnings ratio of 5.50 and a beta of 1.37.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last released its quarterly earnings data on Tuesday, September 2nd. The financial services provider reported $1.74 EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.The company had revenue of $115.67 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC increased its position in IRSA Inversiones Y Representaciones by 810.8% in the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after buying an additional 4,200 shares in the last quarter. Deuterium Capital Management LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 1st quarter worth approximately $136,000. Engineers Gate Manager LP purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth approximately $148,000. Jane Street Group LLC bought a new stake in IRSA Inversiones Y Representaciones during the 2nd quarter worth approximately $249,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in IRSA Inversiones Y Representaciones by 42.7% during the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 6,390 shares in the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones 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.

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