IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.31 and traded as high as $14.59. IRSA Inversiones Y Representaciones shares last traded at $14.46, with a volume of 69,334 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th.
Read Our Latest Stock Analysis on IRSA Inversiones Y Representaciones
IRSA Inversiones Y Representaciones Stock Up 2.9%
The stock has a fifty day moving average of $14.61 and a 200 day moving average of $14.31. 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 $1.12 billion, a P/E ratio of 9.38 and a beta of 1.41.
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 EPS for the quarter. The business had revenue of $117.45 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 25.95% and a return on equity of 7.91%.
Institutional Investors Weigh In On IRSA Inversiones Y Representaciones
A number of hedge funds have recently modified their holdings of IRS. Fourth Sail Capital LP bought a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at about $7,271,000. Brevan Howard Capital Management LP purchased a new position in IRSA Inversiones Y Representaciones in the 4th quarter valued at approximately $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in IRSA Inversiones Y Representaciones by 115.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider's stock valued at $11,835,000 after acquiring an additional 424,052 shares during the period. Millennium Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth $4,209,000. Finally, Helikon Investments Ltd boosted its holdings in shares of IRSA Inversiones Y Representaciones by 15.2% in the first quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock worth $18,427,000 after acquiring an additional 188,573 shares during the period. Institutional investors own 45.46% of the company's stock.
IRSA Inversiones Y Representaciones Company Profile
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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.
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