IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 1-Year High – Here’s Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price hit a new 52-week high on Thursday . The company traded as high as $14.85 and last traded at $14.71, with a volume of 47945 shares. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IRS. StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 4.6 %

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50 day moving average price of $12.42 and a 200 day moving average price of $10.74. The firm has a market capitalization of $1.11 billion, a P/E ratio of -3.22 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.24% and a negative net margin of 79.31%. The company had revenue of $129.87 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IRS. BNP Paribas Financial Markets raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock worth $1,120,000 after buying an additional 12,071 shares during the period. Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth approximately $877,000. Secure Asset Management LLC raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 10,824 shares during the period. Systrade AG acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth approximately $1,138,000. Finally, GAMMA Investing LLC raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares during the last quarter. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.