Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.07 and traded as high as $9.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.57, with a volume of 103,496 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.
IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 2.7 %
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The financial services provider reported $0.76 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 25.70% and a net margin of 99.91%. The firm had revenue of $132.42 million during the quarter.
Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
A number of large investors have recently made changes to their positions in IRS. Capricorn Fund Managers Ltd increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% during the 4th quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock worth $1,627,000 after acquiring an additional 1,589 shares during the period. FNY Investment Advisers LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth $38,000. Jump Financial LLC increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% during the 4th quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock worth $197,000 after acquiring an additional 9,100 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth $98,000. Finally, Goldman Sachs Group Inc. increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 13,584 shares during the period. Institutional investors own 45.46% of the company’s stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
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.
Read More
- Five stocks we like better than IRSA Inversiones y Representaciones Sociedad Anónima
- Industrial Products Stocks Investing
- Comprehensive Analysis of PayPal Stock
- Using the MarketBeat Stock Split Calculator
- Intuitive Surgical Stock Can Trend Much Higher This Year
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for IRSA Inversiones y Representaciones Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IRSA Inversiones y Representaciones Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.