IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Rating Lowered by Wall Street Zen

IRSA Inversiones Y Representaciones (NYSE:IRS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE:IRS opened at $11.90 on Friday. IRSA Inversiones Y Representaciones has a 1-year low of $10.61 and a 1-year high of $17.67. The firm has a market capitalization of $901.81 million, a PE ratio of 5.79 and a beta of 1.47. The business’s 50 day moving average is $14.75 and its 200-day moving average is $14.26. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings data on Tuesday, September 2nd. The financial services provider reported $1.74 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.96% and a net margin of 36.40%.The company had revenue of $115.67 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ridgewood Investments LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 810.8% during the 1st 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. Jane Street Group LLC bought a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter worth approximately $154,000. Deuterium Capital Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $136,000. Engineers Gate Manager LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth approximately $148,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 42.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock worth $275,000 after buying an additional 6,390 shares during the period. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones 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.