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

Wall Street Zen upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 3.3%

IRS stock traded down $0.50 on Friday, reaching $14.53. The company's stock had a trading volume of 143,769 shares, compared to its average volume of 160,629. The business has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $14.60. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $7.92 and a 12-month high of $17.67. The firm has a market cap of $1.10 billion, a PE ratio of -3.40 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 issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 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 during the quarter.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at $4,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider's stock valued at $11,164,000 after buying an additional 72,738 shares during the period. Cubist Systematic Strategies LLC lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 42.7% during the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider's stock valued at $275,000 after buying an additional 6,390 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at $1,956,000. Finally, Invesco Ltd. lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 1.9% during the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider's stock valued at $694,000 after buying an additional 1,027 shares during the period. 45.46% of the stock is currently 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.