IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Down 6% - What's Next?

Key Points

• IRSA Inversiones Y Representaciones (NYSE:IRS) saw a **6% drop** in share prices during Friday's trading, reaching a low of **$12.06** before closing at **$11.95**.
• On September 13th, Wall Street Zen downgraded the stock from a **"buy"** rating to a **"hold"** rating, impacting investor sentiment.
• The company's latest earnings report indicated a **$1.74** earnings per share and a revenue of **$115.67 million**, with a return on equity of **12.00%** and a net margin of **36.40%**.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s share price fell 6% during trading on Friday . The stock traded as low as $12.06 and last traded at $11.95. 255,636 shares traded hands during mid-day trading, an increase of 43% from the average session volume of 179,387 shares. The stock had previously closed at $12.72.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th.

IRSA Inversiones Y Representaciones Trading Down 6.1%

The stock has a market cap of $905.45 million, a price-to-earnings ratio of 5.82 and a beta of 1.47. The company has a quick ratio of 1.88, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $14.37 and a 200-day moving average of $14.20.

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 earnings per share (EPS) for the quarter. The firm had revenue of $115.67 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.

Institutional Trading of IRSA Inversiones Y Representaciones

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in IRSA Inversiones Y Representaciones during the fourth quarter valued at $154,000. Ping Capital Management Inc. raised its holdings in IRSA Inversiones Y Representaciones by 40.9% during the first quarter. Ping Capital Management Inc. now owns 90,200 shares of the financial services provider's stock valued at $1,164,000 after buying an additional 26,200 shares in the last quarter. GAMMA Investing LLC raised its holdings in IRSA Inversiones Y Representaciones by 1,209.7% during the first quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock valued at $795,000 after buying an additional 56,930 shares in the last quarter. Helikon Investments Ltd raised its holdings in IRSA Inversiones Y Representaciones by 15.2% during the first quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock valued at $18,427,000 after buying an additional 188,573 shares in the last quarter. Finally, Fourth Sail Capital LP bought a new position in IRSA Inversiones Y Representaciones during the first quarter valued at about $7,271,000. Institutional investors and hedge funds own 45.46% of the company's stock.

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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