Irsa Inversiones y Rprsntcins (IRS) Rating Lowered to C at TheStreet

Irsa Inversiones y Rprsntcins (NYSE:IRS) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report issued on Thursday.

Separately, ValuEngine upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “buy” rating in a report on Thursday, November 16th.

Shares of Irsa Inversiones y Rprsntcins (NYSE IRS) opened at $32.02 on Thursday. Irsa Inversiones y Rprsntcins has a fifty-two week low of $19.00 and a fifty-two week high of $32.97. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 2.57.

Several institutional investors have recently bought and sold shares of the company. Northern Trust Corp increased its holdings in shares of Irsa Inversiones y Rprsntcins by 0.7% in the 2nd 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 last quarter. Luzich Partners LLC increased its holdings in shares of Irsa Inversiones y Rprsntcins by 0.5% in the 2nd quarter. Luzich Partners LLC now owns 373,156 shares of the financial services provider’s stock worth $9,001,000 after buying an additional 1,848 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Irsa Inversiones y Rprsntcins by 16.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 3,300 shares during the period. Dumac Inc. boosted its stake in shares of Irsa Inversiones y Rprsntcins by 9.1% during the 2nd quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock worth $1,374,000 after purchasing an additional 4,731 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in shares of Irsa Inversiones y Rprsntcins by 1.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,075,613 shares of the financial services provider’s stock worth $50,066,000 after purchasing an additional 34,980 shares during the period. Hedge funds and other institutional investors own 19.75% of the company’s stock.

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