StockNews.com Upgrades IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) to Buy

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.0 %

IRS opened at $14.28 on Monday. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67. The company has a 50-day simple moving average of $15.14 and a 200 day simple moving average of $13.47. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.20 and a beta of 1.35.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors and hedge funds have recently bought and sold shares of IRS. GAMMA Investing LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% in the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 1,288 shares during the last quarter. Stokes Family Office LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider’s stock worth $693,000 after acquiring an additional 1,611 shares during the last quarter. Glenorchy Capital Ltd lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider’s stock worth $656,000 after acquiring an additional 2,262 shares during the last quarter. Systrade AG lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock worth $1,547,000 after acquiring an additional 3,601 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth about $72,000. Institutional investors 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.