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

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 8.9 %

NYSE:IRS opened at $5.23 on Thursday. The company has a market capitalization of $424.10 million, a price-to-earnings ratio of 4.59 and a beta of 1.06. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $3.16 and a one year high of $7.10. The stock has a 50-day simple moving average of $6.18 and a 200 day simple moving average of $4.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.75 and a current ratio of 0.75.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Large investors have recently bought and sold shares of the business. Macquarie Group Ltd. lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 8.4% in the second quarter. Macquarie Group Ltd. now owns 2,291,575 shares of the financial services provider’s stock worth $8,250,000 after acquiring an additional 178,129 shares during the last quarter. Millennium Management LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 38.9% in the fourth quarter. Millennium Management LLC now owns 143,041 shares of the financial services provider’s stock worth $684,000 after acquiring an additional 40,061 shares during the last quarter. Banco BTG Pactual S.A. lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 139.7% in the fourth quarter. Banco BTG Pactual S.A. now owns 287,096 shares of the financial services provider’s stock worth $1,372,000 after acquiring an additional 167,330 shares during the last quarter. Renaissance Technologies LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $58,000. Finally, Goldman Sachs Group Inc. lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% in the second quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 13,584 shares during the last quarter. Institutional investors own 17.11% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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IRSA Inversiones y Representaciones SA engages in the real estate business. It operates through the Operations Center in Argentina and Operations Center in Israel segments. The Operations Center in Argentina segment operates in the following segments: shopping malls, offices and others, sales and developments, hotels, international, and financial operations, corporate and others.