IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.46 and traded as high as $13.34. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.19, with a volume of 165,567 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages recently commented on IRS. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.50 to $13.00 in a research note on Wednesday, August 14th. StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.
View Our Latest Stock Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 1.5 %
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 27.55% and a net margin of 5.40%. The business had revenue of $129.87 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IRS. Deuterium Capital Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth about $96,000. Advisors Preferred LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth about $94,000. Acadian Asset Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth about $27,000. Secure Asset Management LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth about $771,000. Finally, BW Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth about $269,000. 45.46% of the stock is currently owned by 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.
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