IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 1-Year High – Here’s Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.85 and last traded at $14.71, with a volume of 47945 shares trading hands. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IRS. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 1.8 %

The business has a 50 day moving average of $12.54 and a two-hundred day moving average of $10.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.19 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.24% and a negative net margin of 79.31%. The business had revenue of $129.87 million for the quarter.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors and hedge funds have recently modified their holdings of IRS. Acadian Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,419 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at approximately $199,000. BW Gestao de Investimentos Ltda. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at approximately $269,000. Finally, Ping Capital Management Inc. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at $289,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.