Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) have been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.
Brokers have set a 1 year consensus target price of $14.00 for the company, according to Zacks. Zacks has also assigned Irsa Inversiones y Rprsntcins an industry rank of 173 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Irsa Inversiones y Rprsntcins from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th.
NYSE:IRS traded up $0.34 during trading hours on Friday, hitting $9.70. The company’s stock had a trading volume of 194,072 shares, compared to its average volume of 51,111. The firm has a market capitalization of $561.32 million, a PE ratio of 2.03 and a beta of 1.32. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.88 and a quick ratio of 1.88. Irsa Inversiones y Rprsntcins has a 52-week low of $8.35 and a 52-week high of $20.60.
Several hedge funds have recently modified their holdings of IRS. SEI Investments Co purchased a new position in shares of Irsa Inversiones y Rprsntcins during the first quarter worth about $31,000. Cutler Group LP grew its holdings in shares of Irsa Inversiones y Rprsntcins by 89.9% during the first quarter. Cutler Group LP now owns 2,979 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,410 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Irsa Inversiones y Rprsntcins during the third quarter worth about $93,000. BlueCrest Capital Management Ltd purchased a new position in shares of Irsa Inversiones y Rprsntcins during the first quarter worth about $189,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Irsa Inversiones y Rprsntcins during the fourth quarter worth about $365,000. 23.65% of the stock is currently owned by institutional investors.
About Irsa Inversiones y Rprsntcins
IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.
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