IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Up 4.4% - Still a 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.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) shares traded up 4.4% on Tuesday . The stock 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.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a report on Saturday.

IRSA Inversiones Y Representaciones Stock Down 5.2%

The company has a debt-to-equity ratio of 0.35, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $901.81 million, a price-to-earnings ratio of 5.79 and a beta of 1.47. The business has a fifty day moving average price of $14.75 and a two-hundred day moving average price of $14.27.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its quarterly earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 EPS for the quarter. The company had revenue of $115.67 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 36.40% and a return on equity of 12.96%.

Institutional Trading of IRSA Inversiones Y Representaciones

Large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its position in IRSA Inversiones Y Representaciones by 1.9% during the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock worth $694,000 after buying an additional 1,027 shares in the last quarter. Ridgewood Investments LLC boosted its position in shares of IRSA Inversiones Y Representaciones by 810.8% during the 1st quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 4,200 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in 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 purchasing an additional 6,390 shares during the last quarter. Systrade AG raised its stake in 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 purchasing an additional 6,399 shares during the period. Finally, Jane Street Group LLC acquired a new position in IRSA Inversiones Y Representaciones in the 4th quarter valued at about $154,000. Hedge funds and other institutional investors 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.