IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 1-Year High at $9.59

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) hit a new 52-week high during trading on Thursday . The stock traded as high as $9.59 and last traded at $9.52, with a volume of 81114 shares trading hands. The stock had previously closed at $9.39.

Analyst Ratings Changes

Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 0.2 %

The business’s 50 day simple moving average is $8.33 and its 200 day simple moving average is $7.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $690.01 million, a PE ratio of 1.38 and a beta of 1.29.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings data on Monday, February 5th. The financial services provider reported $0.76 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 99.91% and a return on equity of 25.70%. The company had revenue of $132.42 million during the quarter.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 8.4% in the second quarter. Macquarie Group Ltd. now owns 2,291,575 shares of the financial services provider’s stock valued at $8,250,000 after acquiring an additional 178,129 shares in the last quarter. Helikon Investments Ltd lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 1.5% during the fourth quarter. Helikon Investments Ltd now owns 1,223,854 shares of the financial services provider’s stock worth $10,525,000 after buying an additional 17,541 shares during the period. Eaton Vance Management bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth $1,155,000. Citigroup Inc. lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 292.4% during the 2nd quarter. Citigroup Inc. now owns 227,161 shares of the financial services provider’s stock worth $1,845,000 after purchasing an additional 169,272 shares during the last quarter. Finally, Capricorn Fund Managers Ltd grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the fourth quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,589 shares during the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.