IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Rating Upgraded by Wall Street Zen

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 2.5%

IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $14.99 on Friday. IRSA Inversiones y Representaciones Sociedad Anónima has a 1 year low of $7.92 and a 1 year high of $17.67. The firm’s 50-day moving average is $14.26 and its 200-day moving average is $14.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.14 billion, a P/E ratio of -3.51 and a beta of 1.46.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%. The firm had revenue of $117.45 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% in the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider’s stock worth $61,000 after buying an additional 4,200 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth about $72,000. Deuterium Capital Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth about $136,000. Jane Street Group LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at about $154,000. Finally, XTX Topco Ltd acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at about $196,000. Institutional investors and hedge funds 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.