IRSA Inversiones Y Representaciones (NYSE:IRS) Raised to “Buy” at Wall Street Zen

IRSA Inversiones Y Representaciones (NYSE:IRS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRS opened at $16.93 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.52 and a current ratio of 2.52. The company has a 50 day moving average price of $15.62 and a 200-day moving average price of $14.46. IRSA Inversiones Y Representaciones has a fifty-two week low of $10.61 and a fifty-two week high of $17.21. The stock has a market capitalization of $1.31 billion, a PE ratio of 3.41 and a beta of 1.49.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd grew its stake in shares of 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 worth $32,975,000 after acquiring an additional 938,706 shares during the last quarter. Systrade AG grew its position in IRSA Inversiones Y Representaciones by 6.2% during the 2nd quarter. Systrade AG now owns 110,000 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 6,399 shares during the last quarter. Crocodile Capital Partners GmbH raised its holdings in shares of IRSA Inversiones Y Representaciones by 8.0% in the fourth quarter. Crocodile Capital Partners GmbH now owns 39,107 shares of the financial services provider’s stock worth $647,000 after buying an additional 2,890 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of IRSA Inversiones Y Representaciones by 170.0% during the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after buying an additional 577,280 shares during the period. Finally, Verition Fund Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other 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.