IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Earns Hold Rating from Analysts at StockNews.com

Posted by on Jun 6th, 2022

StockNews.com assumed coverage on shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) in a report issued on Monday. The firm set a “hold” rating on the financial services provider’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $4.20 on Monday. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $3.65 and a 52 week high of $5.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $4.67 and a 200 day simple moving average of $4.50.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) last posted its quarterly earnings results on Wednesday, May 11th. The financial services provider reported ($2.02) EPS for the quarter. The company had revenue of $62.31 million during the quarter.

Institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 54.3% during the second quarter. Morgan Stanley now owns 11,466 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 4,037 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 25.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,317 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 2,861 shares during the period. BlackRock Inc. boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 80.7% during the fourth quarter. BlackRock Inc. now owns 14,672 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 6,551 shares during the period. Levin Capital Strategies L.P. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth approximately $75,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth approximately $81,000. Institutional investors and hedge funds own 15.53% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile (Get Rating)

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. 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. It also develops and sells residential properties; acquires and operates luxury hotels; and acquires undeveloped land reserves for future development or sale.

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