IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Up to $9.17

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRSGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $9.17, but opened at $9.39. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.01, with a volume of 16,792 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

Check Out Our Latest Analysis on IRS

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $8.41 and its two-hundred day moving average price is $7.80. The company has a market cap of $679.70 million, a P/E ratio of 1.36 and a beta of 1.32.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRSGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The financial services provider reported $0.76 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 99.91% and a return on equity of 25.70%. The company had revenue of $132.42 million during the quarter.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at about $98,000. Kopernik Global Investors LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $249,000. Helikon Investments Ltd lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 1.5% during the fourth quarter. Helikon Investments Ltd now owns 1,223,854 shares of the financial services provider’s stock valued at $10,525,000 after buying an additional 17,541 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $177,000. Finally, Jump Financial LLC lifted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% during the fourth quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock valued at $197,000 after buying an additional 9,100 shares in the last quarter. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

(Get Free Report)

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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