IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Rating Lowered by Wall Street Zen

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

NYSE:IRS opened at $15.46 on Thursday. The firm’s fifty day moving average price is $13.90 and its 200 day moving average price is $14.60. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.92 and a 1-year high of $17.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -3.62 and a beta of 1.43.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.08% and a positive return on equity of 10.23%. The business had revenue of $117.45 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of large investors have recently modified their holdings of IRS. Invesco Ltd. lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 1.9% in the first quarter. Invesco Ltd. now owns 53,817 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 1,027 shares during the period. Stokes Family Office LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 1,611 shares during the period. Glenorchy Capital Ltd boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% during the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider’s stock worth $656,000 after buying an additional 2,262 shares in the last quarter. Ridgewood Investments LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 810.8% during the first quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider’s stock worth $61,000 after buying an additional 4,200 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $72,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.