IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.
Separately, Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.
Get Our Latest Stock Report on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last announced its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 EPS for the quarter. The company had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 5.40% and a return on equity of 27.55%.
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,419 shares in the last quarter. Secure Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $771,000. Systrade AG acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at approximately $1,138,000. Sanctuary Advisors LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $473,000. Finally, Ping Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $289,000. Institutional investors and hedge funds 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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