Inversiones y Representaciones Sociedad Anónima in a research note issued to investors on Saturday. The stock of the financial services provider was assigned a “hold” rating by the firm.
IRSA Inversiones y Representaciones Sociedad Anónima Price Performance
On Friday, IRS stock opened at $3.38. IRSA Inversiones y Representaciones Sociedad Anónima has a 12-month low of $3.26 and a 12-month high of $5.77.
The company has a quick ratio of 1.25, a current ratio of 1.25, and a debt-to-equity ratio of 0.40.
The stock’s 50-day simple moving average is $3.91, and its 200-day simple moving average is $4.35.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE: IRS – Get Rating) last reported quarterly earnings on Wednesday, May 11th.
The financial services provider reported ($2.02) earnings per share (EPS) for the quarter. During the quarter, the company generated $62.31 million in revenue.
Hedge Funds Comment on IRSA Inversiones y Representaciones Sociedad Anónima
Several hedge funds and other institutional investors have recently increased or decreased their stakes in IRS.
Clear Harbor Asset Management LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter for approximately $81,000.
Mercer Global Advisors Inc. ADV increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 25.0 per cent in the fourth quarter.
Mercer Global Advisors Inc. ADV now owns 14,317 shares of the financial services provider’s stock, valued at $61,000, after purchasing an additional 2,861 shares during the last quarter.
Envestnet Asset Management Inc. increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 154.7 percent during the fourth quarter.
Envestnet Asset Management Inc. now owns 36,182 shares of the financial services provider’s stock, valued at $154,000, after purchasing an additional 21,975 shares during the last quarter.
Mirae Asset Global Investments Co. Ltd. increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 63.1 percent in the fourth quarter.
During the fourth quarter, Envestnet Asset Management Inc. increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 154.7 percent.
The number of hedge funds and other institutional investors has recently increased or decreased their holdings in IRS. It was heavily emphasised.
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Mirae Asset Global Investments Co. Ltd. now owns 66,189 shares of the financial services provider’s stock, valued at $282,000, after purchasing an additional 25,618 shares during the last quarter.
Finally, Levin Capital Strategies L.P. paid $75,000 for a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter.
Institutional investors own 15.53 per cent of the company’s stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
In Argentina, IRSA Inversiones y Representaciones Sociedad Anónima engages in a variety of real estate activities.
The company is primarily involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties for rental purposes.
It also develops and sells residential properties, acquires and operates luxury hotels, and acquires undeveloped land reserves for future development or sale.
