IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Up 4.7% – Should You Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price was up 4.7% on Thursday . The company traded as high as $12.60 and last traded at $12.60. Approximately 38,363 shares were traded during trading, a decline of 75% from the average daily volume of 155,138 shares. The stock had previously closed at $12.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their target price for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The company has a market capitalization of $919.19 million, a P/E ratio of 19.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.52 and a quick ratio of 0.52. The firm’s 50-day moving average is $11.30 and its 200-day moving average is $10.26.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The business had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 29.86%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds and other institutional investors have recently bought and sold shares of IRS. Acadian Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at approximately $27,000. GAMMA Investing LLC boosted its position 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 worth $39,000 after purchasing an additional 1,419 shares during the period. Advisors Preferred LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $94,000. Deuterium Capital Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at $96,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $269,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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.