IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.59 and last traded at $9.52, with a volume of 81114 shares trading hands. The stock had previously closed at $9.39.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.
View Our Latest Research Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Price Performance
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last released its quarterly earnings results on Monday, February 5th. The financial services provider reported $0.76 EPS for the quarter. The company had revenue of $132.42 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 25.70% and a net margin of 99.91%.
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
Several institutional investors have recently added to or reduced their stakes in IRS. Eaton Vance Management purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at about $1,155,000. Millennium Management LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 286.0% in the second quarter. Millennium Management LLC now owns 72,208 shares of the financial services provider’s stock worth $260,000 after buying an additional 53,501 shares during the period. Macquarie Group Ltd. lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 8.4% in the 2nd quarter. Macquarie Group Ltd. now owns 2,291,575 shares of the financial services provider’s stock worth $8,250,000 after acquiring an additional 178,129 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 13,584 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth $58,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.
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.
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