Wall Street Zen Upgrades IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) to Strong-Buy

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock traded up $0.36 during midday trading on Friday, hitting $14.99. The company had a trading volume of 102,408 shares, compared to its average volume of 160,363. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -3.51 and a beta of 1.46. 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 company has a fifty day simple moving average of $14.26 and a 200 day simple moving average of $14.63. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.92 and a 12-month high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 EPS for the quarter. The firm had revenue of $117.45 million during 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%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 1.9% in the 1st quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock valued at $694,000 after purchasing an additional 1,027 shares during the last quarter. Stokes Family Office LLC raised its position 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 valued at $693,000 after purchasing an additional 1,611 shares during the last quarter. Glenorchy Capital Ltd raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% during the 4th quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider's stock worth $656,000 after buying an additional 2,262 shares during the last quarter. Ridgewood Investments LLC raised its position in 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 buying an additional 4,200 shares during the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $72,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.

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