IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.07 and traded as high as $9.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.57, with a volume of 103,496 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Thursday, February 15th.
View Our Latest Stock Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 2.7 %
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last issued its quarterly earnings data 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 return on equity of 25.70% and a net margin of 99.91%. The company had revenue of $132.42 million during the quarter.
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% during the first quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock worth $11,853,000 after buying an additional 42,494 shares during the last quarter. RFG Advisory LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after acquiring an additional 37,598 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $98,000. Kopernik Global Investors LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $249,000. Finally, QRG Capital Management Inc. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $177,000. 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.
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