IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Hits New 52-Week High at $12.45

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $12.45 and last traded at $12.30, with a volume of 63212 shares changing hands. The stock had previously closed at $12.05.

Analyst Upgrades and Downgrades

IRS has been the topic of several research reports. 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. StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $855.65 million, a price-to-earnings ratio of 18.29 and a beta of 1.29. The company has a 50-day moving average of $10.11 and a 200-day moving average of $9.73.

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. Jump Financial LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% in the fourth quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock worth $197,000 after buying an additional 9,100 shares during the period. QRG Capital Management Inc. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $177,000. Helikon Investments Ltd increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 1.5% in the fourth quarter. Helikon Investments Ltd now owns 1,223,854 shares of the financial services provider’s stock worth $10,525,000 after buying an additional 17,541 shares during the period. Kopernik Global Investors LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $249,000. Finally, RFG Advisory LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% in the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock worth $970,000 after buying an additional 37,598 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.