Irsa Inversiones y Rprsntcins (NYSE:IRS) Rating Lowered to C at TheStreet

TheStreet cut shares of Irsa Inversiones y Rprsntcins (NYSE:IRS) from a b rating to a c rating in a research note published on Thursday, January 4th.

Separately, ValuEngine raised Irsa Inversiones y Rprsntcins from a hold rating to a buy rating in a research report on Thursday, November 16th.

Irsa Inversiones y Rprsntcins (IRS) traded down $1.24 during midday trading on Thursday, hitting $29.08. The stock had a trading volume of 207,835 shares, compared to its average volume of 60,666. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 2.57. Irsa Inversiones y Rprsntcins has a 52-week low of $19.12 and a 52-week high of $32.97.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Irsa Inversiones y Rprsntcins by 0.7% during the 2nd quarter. Northern Trust Corp now owns 212,067 shares of the financial services provider’s stock valued at $5,116,000 after buying an additional 1,371 shares during the last quarter. Luzich Partners LLC raised its stake in shares of Irsa Inversiones y Rprsntcins by 0.5% during the 2nd quarter. Luzich Partners LLC now owns 373,156 shares of the financial services provider’s stock valued at $9,001,000 after purchasing an additional 1,848 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Irsa Inversiones y Rprsntcins by 16.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 3,300 shares during the period. Dumac Inc. raised its stake in shares of Irsa Inversiones y Rprsntcins by 9.1% during the 2nd quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock valued at $1,374,000 after purchasing an additional 4,731 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Irsa Inversiones y Rprsntcins by 1.7% during the 2nd quarter. Macquarie Group Ltd. now owns 2,075,613 shares of the financial services provider’s stock valued at $50,066,000 after purchasing an additional 34,980 shares during the period. 19.75% of the stock is currently owned by hedge funds and other institutional investors.

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