IRSA Inversiones Y Representaciones (NYSE:IRS) Upgraded by Wall Street Zen to Buy Rating

IRSA Inversiones Y Representaciones (NYSE:IRS) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, IRSA Inversiones Y Representaciones presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Stock Down 0.7%

IRS stock opened at $16.37 on Friday. The firm’s 50-day moving average is $15.58 and its two-hundred day moving average is $14.44. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 3.29 and a beta of 1.49. IRSA Inversiones Y Representaciones has a 52 week low of $10.61 and a 52 week high of $17.21. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings results on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter. The firm had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 27.35% and a net margin of 86.65%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds have recently modified their holdings of the business. Helikon Investments Ltd boosted its position in IRSA Inversiones Y Representaciones by 65.7% during the second quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock valued at $32,975,000 after purchasing an additional 938,706 shares during the last quarter. Systrade AG boosted its position in shares of IRSA Inversiones Y Representaciones by 6.2% in the second quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock valued at $1,532,000 after acquiring an additional 6,399 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of IRSA Inversiones Y Representaciones in the third quarter valued at about $130,000. Verition Fund Management LLC grew its stake in shares of IRSA Inversiones Y Representaciones by 23.2% in the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 3,148 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the third quarter valued at approximately $260,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.