Wall Street Zen Downgrades IRSA Inversiones Y Representaciones (NYSE:IRS) to Hold

IRSA Inversiones Y Representaciones (NYSE:IRS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Stock Up 0.8%

NYSE IRS opened at $16.67 on Friday. The stock’s 50 day simple moving average is $15.48 and its 200 day simple moving average is $14.36. IRSA Inversiones Y Representaciones has a one year low of $10.61 and a one year high of $17.21. The firm has a market cap of $1.26 billion, a PE ratio of 3.35 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 EPS for the quarter. The company had revenue of $93.69 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Van ECK Associates Corp acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 3rd quarter worth approximately $25,000. Verition Fund Management LLC boosted its stake in IRSA Inversiones Y Representaciones by 23.2% in the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 3,148 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in IRSA Inversiones Y Representaciones by 42.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 21,341 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 6,390 shares during the period. Systrade AG raised its position in shares of IRSA Inversiones Y Representaciones by 6.2% during the 2nd quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock valued at $1,532,000 after acquiring an additional 6,399 shares during the last quarter. Finally, Ping Capital Management Inc. raised its position in shares of IRSA Inversiones Y Representaciones by 8.1% during the 3rd quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.