IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Lowered to Buy Rating by Wall Street Zen

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Thursday.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

Shares of IRS stock traded up $0.09 during midday trading on Thursday, reaching $15.46. 84,555 shares of the company traded hands, compared to its average volume of 160,160. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.92 and a 1-year high of $17.67. The firm has a market cap of $1.17 billion, a PE ratio of -3.62 and a beta of 1.43. The firm's 50 day simple moving average is $13.90 and its two-hundred day simple moving average is $14.60.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%. The firm had revenue of $117.45 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IRS. Ridgewood Investments LLC raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% during the 1st 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 last quarter. Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $72,000. Deuterium Capital Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $136,000. Jane Street Group LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $154,000. Finally, XTX Topco Ltd acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $196,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima 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.