IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) in a report released on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Shares of IRS opened at $4.20 on Monday. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $3.65 and a one year high of $5.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day simple moving average of $4.67 and a two-hundred day simple moving average of $4.50.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The financial services provider reported ($2.02) EPS for the quarter. The business had revenue of $62.31 million for the quarter.

Several large investors have recently made changes to their positions in the company. Eaton Vance Management acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth $1,155,000. Banco BTG Pactual S.A. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $440,000. Clear Harbor Asset Management LLC grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 24.1% in the first quarter. Clear Harbor Asset Management LLC now owns 23,445 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 4,546 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $75,000. Finally, BlackRock Inc. grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 80.7% in the fourth quarter. BlackRock Inc. now owns 14,672 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 6,551 shares during the last quarter. Institutional investors own 15.53% of the company’s stock.

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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