Wall Street Zen Downgrades IRSA Inversiones Y Representaciones (NYSE:IRS) to Hold

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

A number of other equities research analysts have also issued reports on the stock. Itau BBA Securities assumed coverage on shares of IRSA Inversiones Y Representaciones in a report on Thursday. They set an “outperform” rating and a $23.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRSA Inversiones Y Representaciones stock opened at $17.38 on Friday. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.50 and a beta of 1.49. 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 stock’s 50-day simple moving average is $16.04 and its 200-day simple moving average is $14.73. IRSA Inversiones Y Representaciones has a 52 week low of $10.61 and a 52 week high of $19.14.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Helikon Investments Ltd increased its position 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 worth $32,975,000 after purchasing an additional 938,706 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of IRSA Inversiones Y Representaciones by 220.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock worth $2,322,000 after buying an additional 114,687 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth $249,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth about $315,000. Finally, Millennium Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter valued at about $4,209,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.