Irsa Inversiones y Rprsntcins (NYSE:IRS) Downgraded by TheStreet to C

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

Separately, ValuEngine upgraded shares of Irsa Inversiones y Rprsntcins from a hold rating to a buy rating in a research note on Thursday, November 16th.

Irsa Inversiones y Rprsntcins (IRS) traded up $1.16 during midday trading on Thursday, hitting $29.83. 42,278 shares of the stock were exchanged, compared to its average volume of 66,492. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.62 and a current ratio of 1.62. Irsa Inversiones y Rprsntcins has a 1 year low of $20.46 and a 1 year high of $32.97.

Irsa Inversiones y Rprsntcins (NYSE:IRS) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Irsa Inversiones y Rprsntcins had a net margin of 5.65% and a return on equity of 11.19%. equities analysts predict that Irsa Inversiones y Rprsntcins will post 1.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in Irsa Inversiones y Rprsntcins by 0.7% in the second quarter. Northern Trust Corp now owns 212,067 shares of the financial services provider’s stock valued at $5,116,000 after acquiring an additional 1,371 shares in the last quarter. Luzich Partners LLC boosted its stake in Irsa Inversiones y Rprsntcins by 0.5% in the second quarter. Luzich Partners LLC now owns 373,156 shares of the financial services provider’s stock valued at $9,001,000 after acquiring an additional 1,848 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Irsa Inversiones y Rprsntcins by 16.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock valued at $562,000 after acquiring an additional 3,300 shares in the last quarter. Dumac Inc. boosted its stake in Irsa Inversiones y Rprsntcins by 9.1% in the second quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock valued at $1,374,000 after acquiring an additional 4,731 shares in the last quarter. Finally, Atria Investments LLC acquired a new stake in Irsa Inversiones y Rprsntcins in the fourth quarter valued at approximately $204,000. Institutional investors own 19.76% of the company’s stock.

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About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad Anonima is a holding company. The Company invests on its own behalf and through investee companies in companies operating in various sectors of the Israeli and global economy. The Company’s segments are Cellcom, which includes cellular telephone services, content and added value services, other services and revenues from the sale of end user equipment in the cellular field; Property and Buildings and projects in Las Vegas, which includes the rental of income-generating properties and residential buildings; Shufersal, which includes retail and the rental of income-generating properties; Adama, which includes the sale of agro products and non-agro products; Clal Insurance Enterprise Holdings, which operates through subsidiary companies in the fields of insurance, pensions and provident funds, in the field of financial services and in the holding of assets and real businesses, and Others.

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