IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Downgraded to Hold Rating by StockNews.com

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 2.8 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock traded down $0.41 during trading hours on Friday, hitting $14.20. The company’s stock had a trading volume of 227,581 shares, compared to its average volume of 153,828. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $6.09 and a 12 month high of $14.71. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.06 billion, a PE ratio of -3.07 and a beta of 1.28. The stock has a 50 day moving average of $12.20 and a 200 day moving average of $10.64.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 27.55%. The firm had revenue of $129.87 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares during the last quarter. Advisors Preferred LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $94,000. BW Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $269,000. Finally, Ping Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth about $289,000. 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.