IRSA Inversiones Y Representaciones (NYSE:IRS) Upgraded by Wall Street Zen to “Buy” Rating

IRSA Inversiones Y Representaciones (NYSE:IRS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

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

IRSA Inversiones Y Representaciones Stock Down 0.7%

Shares of IRSA Inversiones Y Representaciones stock opened at $16.37 on Friday. The stock’s 50-day moving average is $15.58 and its 200 day moving average is $14.44. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 3.29 and a beta of 1.49. IRSA Inversiones Y Representaciones has a one year low of $10.61 and a one year high of $17.21.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm 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%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Large investors have recently modified their holdings of the business. Millennium Management LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $4,209,000. Systrade AG raised its stake in shares of IRSA Inversiones Y Representaciones by 6.2% during the 2nd quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 6,399 shares in the last quarter. Helikon Investments Ltd increased its holdings in IRSA Inversiones Y Representaciones by 65.7% in the second quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock valued at $32,975,000 after buying an additional 938,706 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after purchasing an additional 226,617 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of IRSA Inversiones Y Representaciones in the second quarter valued at approximately $315,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

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.