Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) dropped 3% during mid-day trading on Wednesday . The company traded as low as $14.51 and last traded at $14.60. Approximately 55,069 shares were traded during trading, a decline of 66% from the average daily volume of 160,244 shares. The stock had previously closed at $15.05.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th.
Check Out Our Latest Research Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Price Performance
The business has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $14.55. The stock has a market cap of $1.05 billion, a PE ratio of -3.25 and a beta of 1.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share 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 for the quarter.
Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
A number of hedge funds and other institutional investors have recently modified their holdings of IRS. Stokes Family Office LLC boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the 4th quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after buying an additional 1,611 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% in the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after purchasing an additional 76,035 shares during the period. Pictet Asset Management Holding SA bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth approximately $72,000. Invesco Ltd. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 95.1% in the 4th quarter. Invesco Ltd. now owns 52,790 shares of the financial services provider's stock worth $788,000 after purchasing an additional 25,738 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth approximately $196,000. Hedge funds and other institutional investors own 45.46% of the company's stock.
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
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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.
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