IRSA Inversiones Y Representaciones (NYSE:IRS) Rating Lowered to “Hold” at 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 note issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Stock Up 0.8%

Shares of IRS stock opened at $16.67 on Friday. IRSA Inversiones Y Representaciones has a 12 month low of $10.61 and a 12 month high of $17.21. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.26 billion, a PE ratio of 3.35 and a beta of 1.49. The stock has a 50 day moving average of $15.48 and a 200-day moving average of $14.35.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The business had revenue of $93.69 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors have recently added to or reduced their stakes in IRS. Van ECK Associates Corp bought a new stake in shares of IRSA Inversiones Y Representaciones in the 3rd quarter valued at approximately $25,000. Verition Fund Management LLC lifted its holdings in IRSA Inversiones Y Representaciones by 23.2% during the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 3,148 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in IRSA Inversiones Y Representaciones by 42.7% in the first quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock valued at $275,000 after buying an additional 6,390 shares in the last quarter. Systrade AG boosted its position in IRSA Inversiones Y Representaciones by 6.2% in the second quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock valued at $1,532,000 after buying an additional 6,399 shares in the last quarter. Finally, Ping Capital Management Inc. grew its stake in IRSA Inversiones Y Representaciones by 8.1% during the third quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 7,000 shares during the last quarter. 45.46% of the stock is owned by institutional investors and hedge funds.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.