IRSA Inversiones Y Representaciones (NYSE:IRS) Shares 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) shares fell 4.8% on Thursday . The stock traded as low as $11.42 and last traded at $11.45. 126,845 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 172,248 shares. The stock had previously closed at $12.03.

Wall Street Analyst Weigh In

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

IRSA Inversiones Y Representaciones Stock Up 3.5%

The stock's fifty day moving average is $14.50 and its two-hundred day moving average is $14.21. The company has a current ratio of 2.17, a quick ratio of 1.88 and a debt-to-equity ratio of 0.30. The firm has a market cap of $903.18 million, a P/E ratio of 5.80 and a beta of 1.47.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 earnings per share for the quarter. The business 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 12.00%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors have recently made changes to their positions in the stock. Ridgewood Investments LLC increased its holdings in shares of 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 worth $61,000 after buying an additional 4,200 shares during the last quarter. Jane Street Group LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the 4th quarter worth $154,000. Deuterium Capital Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter worth $136,000. Engineers Gate Manager LP bought a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth $148,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of 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 valued at $275,000 after purchasing an additional 6,390 shares during the last quarter. 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.