IRSA Inversiones Y Representaciones S.A. (IRS) Rating Increased to B at TheStreet

TheStreet upgraded shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) from a c rating to a b rating in a research report report published on Friday.

A number of other research firms have also weighed in on IRS. ValuEngine upgraded shares of IRSA Inversiones Y Representaciones from a hold rating to a buy rating in a research report on Thursday, November 16th. BidaskClub upgraded shares of IRSA Inversiones Y Representaciones from a sell rating to a hold rating in a research report on Sunday, August 6th.

Shares of IRSA Inversiones Y Representaciones (NYSE:IRS) traded down $0.10 during mid-day trading on Friday, reaching $28.95. 27,300 shares of the company’s stock were exchanged, compared to its average volume of 51,425. IRSA Inversiones Y Representaciones has a twelve month low of $17.00 and a twelve month high of $30.69. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.11 and a quick ratio of 1.11.

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The company also recently declared an annual dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 13th were given a $1.36 dividend. The ex-dividend date of this dividend was Friday, November 10th.

Several large investors have recently modified their holdings of the stock. Ruane Cunniff & Goldfarb Inc. boosted its position in shares of IRSA Inversiones Y Representaciones by 22.8% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 571,000 shares of the financial services provider’s stock worth $14,018,000 after acquiring an additional 106,000 shares during the last quarter. Glen Point Capital LLP bought a new position in shares of IRSA Inversiones Y Representaciones during the third quarter worth $1,478,000. Macquarie Group Ltd. lifted its position in IRSA Inversiones Y Representaciones by 3.8% during the third quarter. Macquarie Group Ltd. now owns 2,153,944 shares of the financial services provider’s stock valued at $52,879,000 after purchasing an additional 78,331 shares during the last quarter. Russell Investments Group Ltd. lifted its position in IRSA Inversiones Y Representaciones by 109.2% during the third quarter. Russell Investments Group Ltd. now owns 209,328 shares of the financial services provider’s stock valued at $5,138,000 after purchasing an additional 109,260 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its position in IRSA Inversiones Y Representaciones by 47.1% during the third quarter. Dorsey Wright & Associates now owns 173,163 shares of the financial services provider’s stock valued at $4,288,000 after purchasing an additional 55,480 shares during the last quarter. Hedge funds and other institutional investors own 20.78% of the company’s stock.

About IRSA Inversiones Y Representaciones

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