IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, BidaskClub downgraded IRSA Inversiones Y Representaciones from a “hold” rating to a “sell” rating in a research report on Monday, July 31st.

Shares of IRSA Inversiones Y Representaciones (NYSE:IRS) traded up $1.10 during midday trading on Thursday, hitting $28.85. The stock had a trading volume of 87,436 shares, compared to its average volume of 51,542. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.11 and a quick ratio of 1.11. IRSA Inversiones Y Representaciones has a fifty-two week low of $17.00 and a fifty-two week high of $30.69.

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Several hedge funds and other institutional investors have recently modified their holdings of IRS. Global X Management Co. LLC boosted its position in shares of IRSA Inversiones Y Representaciones by 19.2% during the second quarter. Global X Management Co. LLC now owns 130,176 shares of the financial services provider’s stock worth $3,140,000 after buying an additional 21,010 shares during the period. Dumac Inc. boosted its position in shares of IRSA Inversiones Y Representaciones by 9.1% during the second quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock worth $1,374,000 after buying an additional 4,731 shares during the period. Dorsey Wright & Associates boosted its position in shares of IRSA Inversiones Y Representaciones by 51.5% during the second quarter. Dorsey Wright & Associates now owns 117,683 shares of the financial services provider’s stock worth $1,210,000 after buying an additional 40,012 shares during the period. Tricadia Capital Management LLC boosted its position in shares of IRSA Inversiones Y Representaciones by 7.7% during the second quarter. Tricadia Capital Management LLC now owns 631,469 shares of the financial services provider’s stock worth $15,231,000 after buying an additional 45,300 shares during the period. Finally, Northern Trust Corp boosted its position in shares of IRSA Inversiones Y Representaciones by 0.7% during the second quarter. Northern Trust Corp now owns 212,067 shares of the financial services provider’s stock worth $5,116,000 after buying an additional 1,371 shares during the period. Institutional investors and hedge funds own 20.36% of the company’s stock.

About IRSA Inversiones Y Representaciones

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