IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Upgraded by StockNews.com to “Buy” Rating

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 1.3 %

Shares of IRS traded up $0.19 during mid-day trading on Monday, hitting $14.23. 110,122 shares of the company’s stock were exchanged, compared to its average volume of 158,049. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -3.19 and a beta of 1.35. The firm has a fifty day moving average of $15.14 and a two-hundred day moving average of $13.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.92 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,288 shares during the period. Stokes Family Office LLC raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider’s stock valued at $693,000 after buying an additional 1,611 shares during the last quarter. Glenorchy Capital Ltd raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% during the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider’s stock valued at $656,000 after buying an additional 2,262 shares during the last quarter. Systrade AG lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock valued at $1,547,000 after buying an additional 3,601 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $72,000. 45.46% of the stock is owned by 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.