Irsa Inversiones y Rprsntcins (NYSE:IRS) Stock Rating Upgraded by Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of Irsa Inversiones y Rprsntcins (NYSE:IRS) from a sell rating to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

Separately, TheStreet cut Irsa Inversiones y Rprsntcins from a c rating to a d rating in a report on Monday, November 18th.

IRS opened at $5.17 on Thursday. The stock has a 50-day moving average price of $5.77 and a 200-day moving average price of $5.94. Irsa Inversiones y Rprsntcins has a 12-month low of $4.00 and a 12-month high of $14.08. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.31. The stock has a market capitalization of $299.18 million, a P/E ratio of -0.45 and a beta of 1.49.

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new stake in shares of Irsa Inversiones y Rprsntcins in the 3rd quarter valued at about $469,000. Renaissance Technologies LLC raised its position in Irsa Inversiones y Rprsntcins by 3.8% during the 4th quarter. Renaissance Technologies LLC now owns 80,100 shares of the financial services provider’s stock valued at $554,000 after purchasing an additional 2,900 shares during the last quarter. State Street Corp raised its position in Irsa Inversiones y Rprsntcins by 213.9% during the 3rd quarter. State Street Corp now owns 170,441 shares of the financial services provider’s stock valued at $897,000 after purchasing an additional 116,141 shares during the last quarter. FMR LLC raised its position in Irsa Inversiones y Rprsntcins by 40.7% during the 1st quarter. FMR LLC now owns 885,323 shares of the financial services provider’s stock valued at $9,649,000 after purchasing an additional 256,104 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. raised its position in Irsa Inversiones y Rprsntcins by 76.2% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 2,513,124 shares of the financial services provider’s stock valued at $17,441,000 after purchasing an additional 1,086,858 shares during the last quarter. Hedge funds and other institutional investors own 21.26% of the company’s stock.

Irsa Inversiones y Rprsntcins Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.

See Also: Accumulation/Distribution

Get a free copy of the Zacks research report on Irsa Inversiones y Rprsntcins (IRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Irsa Inversiones y Rprsntcins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Irsa Inversiones y Rprsntcins and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.