IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $11.70 and last traded at $11.52, with a volume of 71829 shares trading hands. The stock had previously closed at $11.34.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on IRS shares. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.50 to $13.00 in a report on Wednesday, August 14th. StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday.
Check Out Our Latest Analysis on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Secure Asset Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $771,000. RFG Advisory LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% in the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after buying an additional 37,598 shares during the period. Kopernik Global Investors LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $249,000. QRG Capital Management Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $177,000. Finally, Jump Financial LLC raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
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.
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