IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Up 4.4% - Should You Buy?

Key Points

• Shares of IRSA Inversiones Y Representaciones increased by 4.4% during trading, closing at $13.15 after reaching a high of $13.09.
• Analysts downgraded IRSA from a "strong-buy" to a "buy" rating, potentially impacting future investor confidence.
• The company reported earnings of $1.74 EPS for the last quarter, alongside a significant net margin of 36.40% and revenue of $115.67 million.

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) shot up 4.4% during trading on Tuesday . The company traded as high as $13.09 and last traded at $13.15. 63,910 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 167,156 shares. The stock had previously closed at $12.59.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of IRSA Inversiones Y Representaciones from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 20th.

IRSA Inversiones Y Representaciones Trading Up 0.8%

The company has a market cap of $961.52 million, a price-to-earnings ratio of 6.24 and a beta of 1.47. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average price is $14.92 and its 200 day moving average price is $14.30.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced 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 net margin of 36.40% and a return on equity of 12.96%. The company had revenue of $115.67 million during the quarter.

Institutional Trading of IRSA Inversiones Y Representaciones

Several hedge funds have recently bought and sold shares of IRS. Ridgewood Investments LLC grew its position in IRSA Inversiones Y Representaciones by 810.8% in the 1st 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 during the period. Deuterium Capital Management LLC purchased a new position in IRSA Inversiones Y Representaciones during the 1st quarter worth $136,000. Engineers Gate Manager LP purchased a new position in IRSA Inversiones Y Representaciones during the 2nd quarter worth $148,000. Jane Street Group LLC purchased a new position in IRSA Inversiones Y Representaciones during the 4th quarter worth $154,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in IRSA Inversiones Y Representaciones by 42.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider's stock worth $275,000 after acquiring an additional 6,390 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.

About IRSA Inversiones Y Representaciones

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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