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IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

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Key Points

  • IRSA Inversiones Y Representaciones' stock recently traded above its 200-day moving average of $14.28, reaching a peak of $15.04 before closing at $14.62.
  • Wall Street analysts downgraded the stock from a "strong-buy" rating to a "buy" rating, indicating a shift in market sentiment.
  • Institutional investors hold 45.46% of the company's stock, with notable increases in stakes from hedge funds in recent quarters.
  • Need better tools to track IRSA Inversiones Y Representaciones? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.28 and traded as high as $15.04. IRSA Inversiones Y Representaciones shares last traded at $14.62, with a volume of 428,630 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on IRSA Inversiones Y Representaciones

IRSA Inversiones Y Representaciones Price Performance

The company's fifty day moving average is $14.91 and its two-hundred day moving average is $14.29. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.48 and a beta of 1.36. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.35.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several large investors have recently bought and sold shares of the business. Invesco Ltd. lifted its holdings in IRSA Inversiones Y Representaciones by 1.9% in the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock valued at $694,000 after buying an additional 1,027 shares during the period. Glenorchy Capital Ltd raised its holdings in IRSA Inversiones Y Representaciones by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock worth $656,000 after purchasing an additional 2,262 shares during the period. Ridgewood Investments LLC raised its holdings in IRSA Inversiones Y Representaciones by 810.8% in the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after purchasing an additional 4,200 shares during the period. Cubist Systematic Strategies LLC raised its holdings in IRSA Inversiones Y Representaciones by 42.7% in 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 period. Finally, Systrade AG raised its holdings in IRSA Inversiones Y Representaciones by 6.2% in 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. 45.46% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Company Profile

(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.

See Also

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