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IRSA Inversiones Y Representaciones (NYSE:IRS) Raised to "Strong-Buy" at Wall Street Zen

IRSA Inversiones Y Representaciones logo with Finance background

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

IRSA Inversiones Y Representaciones Price Performance

IRS stock opened at $14.00 on Friday. The business has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.25. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of 8.87 and a beta of 1.41. IRSA Inversiones Y Representaciones has a 52-week low of $7.93 and a 52-week high of $17.67.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $117.45 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systrade AG boosted its position in shares of IRSA Inversiones Y Representaciones by 6.2% during the second quarter. Systrade AG now owns 110,000 shares of the financial services provider's stock worth $1,532,000 after buying an additional 6,399 shares during the period. Millennium Management LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the first quarter worth $4,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of IRSA Inversiones Y Representaciones by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider's stock worth $11,164,000 after buying an additional 72,738 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of 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 worth $275,000 after buying an additional 6,390 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in shares of IRSA Inversiones Y Representaciones during the first quarter worth $1,956,000. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Company Profile

(Get Free Report)

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.

Further Reading

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