IRSA Inversiones Y Representaciones (NYSE:IRS) Lowered to Hold Rating by Wall Street Zen

Key Points

• IRSA Inversiones Y Representaciones has been downgraded from a "buy" rating to a "hold" rating by research analysts at Wall Street Zen.
• The company's most recent earnings report shows a net margin of 36.40% and earnings per share of $1.74, with a revenue of $115.67 million.
• Recent institutional investor activity includes significant increases in holdings, with Ridgewood Investments LLC boosting its position by 810.8% during the 1st quarter.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

IRSA Inversiones Y Representaciones Stock Performance

Shares of NYSE IRS traded down $0.57 during trading on Friday, reaching $11.46. 444,026 shares of the company traded hands, compared to its average volume of 300,958. The company has a quick ratio of 1.88, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $868.32 million, a PE ratio of 5.58 and a beta of 1.47. The firm has a 50 day simple moving average of $14.54 and a 200-day simple moving average of $14.22. IRSA Inversiones Y Representaciones has a 52-week low of $10.61 and a 52-week high of $17.67.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ridgewood Investments LLC increased its position in IRSA Inversiones Y Representaciones by 810.8% during the first 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. Deuterium Capital Management LLC purchased a new stake in IRSA Inversiones Y Representaciones in the first quarter worth about $136,000. Engineers Gate Manager LP purchased a new stake in IRSA Inversiones Y Representaciones in the second quarter worth about $148,000. Jane Street Group LLC purchased a new stake in IRSA Inversiones Y Representaciones in the fourth quarter worth about $154,000. Finally, Cubist Systematic Strategies LLC lifted its stake 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 acquiring an additional 6,390 shares during the period. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.