IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Passes Above Two Hundred Day Moving Average of $8.25

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.25 and traded as high as $9.82. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.50, with a volume of 271,306 shares changing hands.

Wall Street Analysts Forecast Growth

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 0.3 %

The company has a market capitalization of $701.96 million, a P/E ratio of 1.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s fifty day moving average is $8.87 and its 200-day moving average is $8.25.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings results on Monday, February 5th. The financial services provider reported $0.76 earnings per share (EPS) 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 for the quarter.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds have recently added to or reduced their stakes in IRS. Mirae Asset Global Investments Co. Ltd. boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,908 shares of the financial services provider’s stock worth $679,000 after buying an additional 14,332 shares during the period. Helikon Investments Ltd lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.7% in the 3rd quarter. Helikon Investments Ltd now owns 1,206,313 shares of the financial services provider’s stock worth $7,069,000 after purchasing an additional 65,312 shares during the period. Jump Financial LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $81,000. Capricorn Fund Managers Ltd lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the 4th quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock worth $1,627,000 after purchasing an additional 1,589 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth approximately $38,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.