IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Down 4.8% - Here's What Happened

Key Points

• IRSA Inversiones Y Representaciones' stock fell 4.8% to $11.45, with a trading volume of 126,845 shares, significantly lower than its average of 172,248 shares.
• Wall Street Zen has downgraded the stock from a "buy" rating to a "hold" rating as of September 13th.
• The company's financial performance includes a P/E ratio of 5.54 and a net margin of 36.40%, with recent quarterly earnings at $1.74 EPS and revenue of $115.67 million.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) was down 4.8% during trading on Thursday . The stock traded as low as $11.42 and last traded at $11.45. Approximately 126,845 shares changed hands during trading, a decline of 26% from the average daily volume of 172,248 shares. The stock had previously closed at $12.03.

Analysts Set New Price Targets

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

IRSA Inversiones Y Representaciones Price Performance

The company has a fifty day moving average of $14.60 and a 200-day moving average of $14.23. The firm has a market cap of $860.90 million, a P/E ratio of 5.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 1.88.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.The business had revenue of $115.67 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new position in IRSA Inversiones Y Representaciones in the second quarter worth $148,000. BNP Paribas Financial Markets boosted its position in IRSA Inversiones Y Representaciones by 220.5% in the second quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider's stock worth $2,322,000 after purchasing an additional 114,687 shares during the last quarter. Jane Street Group LLC purchased a new position in IRSA Inversiones Y Representaciones in the second quarter worth $249,000. Bosun Asset Management LLC boosted its position in IRSA Inversiones Y Representaciones by 24.7% in the second quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider's stock worth $2,279,000 after purchasing an additional 32,406 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in IRSA Inversiones Y Representaciones in the second quarter worth $315,000. Hedge funds and other institutional investors 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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