IRSA Inversiones Y Representaciones (NYSE:IRS) Rating Lowered to “Hold” at Wall Street Zen

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

Other research analysts have also recently issued research reports about the stock. Itau BBA Securities assumed coverage on shares of IRSA Inversiones Y Representaciones in a research report on Thursday. They set an “outperform” rating and a $23.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Price Performance

NYSE:IRS opened at $17.38 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 3.50 and a beta of 1.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52. The business has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $14.73. IRSA Inversiones Y Representaciones has a 1 year low of $10.61 and a 1 year high of $19.14.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp purchased a new position in IRSA Inversiones Y Representaciones in the 3rd quarter worth about $25,000. Crocodile Capital Partners GmbH boosted its position in IRSA Inversiones Y Representaciones by 8.0% in the 4th quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock valued at $647,000 after buying an additional 2,890 shares during the period. Verition Fund Management LLC grew its stake in IRSA Inversiones Y Representaciones by 23.2% in the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 3,148 shares in the last quarter. Ping Capital Management Inc. grew its stake in IRSA Inversiones Y Representaciones by 8.1% in the 3rd quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock worth $1,103,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Systrade AG increased its position in shares of IRSA Inversiones Y Representaciones by 8.9% during the fourth quarter. Systrade AG now owns 119,780 shares of the financial services provider’s stock worth $1,981,000 after acquiring an additional 9,780 shares during the period. 45.46% of the stock is currently owned by institutional investors.

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.