IRSA Inversiones Y Representaciones (NYSE:IRS) Raised to Buy at Wall Street Zen

IRSA Inversiones Y Representaciones (NYSE:IRS) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Trading Up 0.2%

Shares of NYSE:IRS opened at $15.20 on Friday. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30. IRSA Inversiones Y Representaciones has a 12-month low of $10.61 and a 12-month high of $17.67. The business has a 50 day moving average of $13.88 and a two-hundred day moving average of $14.23. The company has a market capitalization of $1.15 billion, a PE ratio of 3.06 and a beta of 1.49.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $1.42 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%. The firm had revenue of $97.35 million during the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 44.6% in the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after buying an additional 1,056,796 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after acquiring an additional 577,280 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of IRSA Inversiones Y Representaciones by 202.5% in the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after acquiring an additional 337,570 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter worth approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of IRSA Inversiones Y Representaciones by 721.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock worth $2,196,000 after purchasing an additional 162,913 shares in the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

About IRSA Inversiones Y Representaciones

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.