IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday.
IRSA Inversiones Y Representaciones Stock Up 3.3%
IRS traded up $0.48 during trading on Friday, reaching $15.03. 217,041 shares of the stock were exchanged, compared to its average volume of 163,002. The stock has a market cap of $1.14 billion, a P/E ratio of 9.52 and a beta of 1.41. The stock's 50 day moving average price is $14.65 and its two-hundred day moving average price is $14.20. IRSA Inversiones Y Representaciones has a twelve month low of $7.93 and a twelve month high of $17.67. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.88 and a current ratio of 1.88.
IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a net margin of 25.95% and a return on equity of 7.91%. The firm had revenue of $117.45 million for the quarter.
Institutional Trading of IRSA Inversiones Y Representaciones
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of IRSA Inversiones Y Representaciones by 379.9% in the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after buying an additional 76,035 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in IRSA Inversiones Y Representaciones during the fourth quarter valued at approximately $72,000. Invesco Ltd. boosted its stake in shares of IRSA Inversiones Y Representaciones by 95.1% during the fourth quarter. Invesco Ltd. now owns 52,790 shares of the financial services provider's stock valued at $788,000 after purchasing an additional 25,738 shares during the period. XTX Topco Ltd purchased a new stake in IRSA Inversiones Y Representaciones in the fourth quarter worth $196,000. Finally, Mirabella Financial Services LLP lifted its stake in IRSA Inversiones Y Representaciones by 14.8% in the fourth quarter. Mirabella Financial Services LLP now owns 88,504 shares of the financial services provider's stock worth $1,321,000 after acquiring an additional 11,411 shares during the period. Institutional investors own 45.46% of the company's stock.
About IRSA Inversiones Y Representaciones
(
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.
See Also
Before you consider IRSA Inversiones Y Representaciones, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IRSA Inversiones Y Representaciones wasn't on the list.
While IRSA Inversiones Y Representaciones currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access