IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Up 4.3% – Should You Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price rose 4.3% during trading on Friday . The company traded as high as $15.64 and last traded at $15.63. Approximately 55,959 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 153,263 shares. The stock had previously closed at $14.99.

Analysts Set New Price Targets

IRS has been the topic of a number of research analyst reports. StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The stock’s 50 day moving average price is $12.42 and its 200-day moving average price is $10.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.16.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The business had revenue of $129.87 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.24%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after buying an additional 12,071 shares during the period. Mirabella Financial Services LLP bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at about $877,000. Secure Asset Management LLC boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 10,824 shares during the last quarter. Systrade AG purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at about $1,138,000. Finally, GAMMA Investing LLC boosted 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 valued at $39,000 after acquiring an additional 1,419 shares during the last quarter. Hedge funds and other institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.