Irsa Inversiones y Rprsntcins (IRS) Reaches New 52-Week High and Low at $17.73

Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) hit a new 52-week high and low on Thursday . The company traded as low as $17.73 and last traded at $18.13, with a volume of 2015 shares traded. The stock had previously closed at $18.55.

Separately, Zacks Investment Research upgraded shares of Irsa Inversiones y Rprsntcins from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Tuesday, April 24th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Irsa Inversiones y Rprsntcins currently has an average rating of “Buy” and an average price target of $28.00.

The stock has a market capitalization of $1.06 billion, a P/E ratio of 9.28 and a beta of 1.80. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.96 and a current ratio of 0.96.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last announced its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.45 EPS for the quarter. The company had revenue of $1.14 billion during the quarter. Irsa Inversiones y Rprsntcins had a net margin of 12.30% and a return on equity of 6.91%. analysts forecast that Irsa Inversiones y Rprsntcins SA will post 4.74 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in IRS. Global X Management Co. LLC raised its position in Irsa Inversiones y Rprsntcins by 23.1% during the 4th quarter. Global X Management Co. LLC now owns 134,977 shares of the financial services provider’s stock worth $3,995,000 after buying an additional 25,314 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter valued at about $4,396,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Irsa Inversiones y Rprsntcins by 171.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 70,492 shares of the financial services provider’s stock valued at $2,087,000 after purchasing an additional 44,500 shares in the last quarter. Eaton Vance Management purchased a new position in shares of Irsa Inversiones y Rprsntcins in the 4th quarter valued at about $215,000. Finally, Dumac Inc. increased its holdings in shares of Irsa Inversiones y Rprsntcins by 10.5% in the 4th quarter. Dumac Inc. now owns 71,529 shares of the financial services provider’s stock valued at $2,117,000 after purchasing an additional 6,820 shares in the last quarter. Institutional investors own 19.32% of the company’s stock.

About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad Anónima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. 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.

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.

Leave a Reply