Wall Street Zen upgraded shares of IRSA Inversiones Y Representaciones (NYSE:IRS - Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday morning.
IRSA Inversiones Y Representaciones Trading Up 1.5%
Shares of NYSE IRS traded up $0.22 during midday trading on Friday, hitting $14.55. The stock had a trading volume of 108,317 shares, compared to its average volume of 163,116. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.26 and a beta of 1.41. IRSA Inversiones Y Representaciones has a 1-year low of $7.93 and a 1-year high of $17.67. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $14.66 and a 200 day moving average price of $14.23.
IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%. The business had revenue of $117.45 million during the quarter.
Institutional Investors Weigh In On IRSA Inversiones Y Representaciones
A number of institutional investors and hedge funds have recently made changes to their positions in IRS. Ridgewood Investments LLC lifted its holdings in shares of 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 valued at $61,000 after purchasing an additional 4,200 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in IRSA Inversiones Y Representaciones during the fourth quarter worth about $72,000. Jane Street Group LLC bought a new stake in IRSA Inversiones Y Representaciones during the fourth quarter worth about $154,000. Deuterium Capital Management LLC bought a new stake in IRSA Inversiones Y Representaciones during the first quarter worth about $136,000. Finally, XTX Topco Ltd bought a new stake in IRSA Inversiones Y Representaciones during the fourth quarter worth about $196,000. Institutional investors own 45.46% of the company's stock.
About IRSA Inversiones Y Representaciones
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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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