IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Up 4.3% – Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price shot up 4.3% during mid-day trading on Friday . The company traded as high as $15.64 and last traded at $15.63. 55,959 shares changed hands during trading, a decline of 63% from the average session volume of 153,263 shares. The stock had previously closed at $14.99.

Analyst Ratings Changes

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

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The company’s 50-day simple moving average is $12.54 and its 200 day simple moving average is $10.82. The company has a market capitalization of $1.10 billion, a P/E ratio of -3.19 and a beta of 1.28. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IRS. Acadian Asset Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth approximately $27,000. GAMMA Investing LLC boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,419 shares during the period. Quadrature Capital Ltd acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at $199,000. BW Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth $269,000. Finally, Ping Capital Management Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth $289,000. Institutional investors and hedge funds 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.