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

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 0.2%

Shares of IRS traded down $0.03 during mid-day trading on Thursday, hitting $15.47. 89,684 shares of the company traded hands, compared to its average volume of 151,383. The company has a market capitalization of $1.17 billion, a PE ratio of -3.62 and a beta of 1.43. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $13.94 and a 200 day moving average of $14.61. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.97 and a 1-year high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its quarterly earnings results 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 negative net margin of 79.08% and a positive return on equity of 10.23%. The business had revenue of $117.45 million for the quarter.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently added to or reduced their stakes in IRS. Helikon Investments Ltd lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 15.2% during the first quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock worth $18,427,000 after purchasing an additional 188,573 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 9.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider's stock worth $11,164,000 after buying an additional 72,738 shares during the last quarter. Fourth Sail Capital LP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at approximately $7,271,000. Brevan Howard Capital Management LP purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $7,783,000. Finally, Millennium Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $4,209,000. Hedge funds and other institutional investors own 45.46% of the company's stock.

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.