StockNews.com Initiates Coverage on IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

StockNews.com started coverage on shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Shares of IRS stock opened at $4.72 on Thursday. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $3.56 and a 52 week high of $5.77. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $4.87 and a 200-day moving average of $4.57.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) last announced its quarterly earnings data on Friday, February 11th. The financial services provider reported $0.07 EPS for the quarter. The company had revenue of $61.96 million for the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of IRS. Morgan Stanley grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 54.3% in the 2nd quarter. Morgan Stanley now owns 11,466 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 4,037 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at $47,000. BlackRock Inc. grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 80.7% in the 4th quarter. BlackRock Inc. now owns 14,672 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 6,551 shares during the period. Levin Capital Strategies L.P. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at $75,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $81,000. 15.53% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile (Get Rating)

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. 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. It also develops and sells residential properties; acquires and operates luxury hotels; and acquires undeveloped land reserves for future development or sale.

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