Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) dropped 3.7% during mid-day trading on Wednesday . The stock traded as low as $10.13 and last traded at $10.13. Approximately 49,351 shares changed hands during trading, a decline of 68% from the average daily volume of 153,698 shares. The stock had previously closed at $10.52.
Analysts Set New Price Targets
Separately, Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price target for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th.
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
Several institutional investors and hedge funds have recently made changes to their positions in IRS. Acadian Asset Management LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $27,000. Advisors Preferred LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $94,000. Deuterium Capital Management LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth $96,000. QRG Capital Management Inc. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $177,000. Finally, Jump Financial LLC increased its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% during the fourth quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 9,100 shares during the period. 45.46% of the stock is owned by institutional investors and hedge funds.
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
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.
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