IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sees Unusually-High Trading Volume

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares saw strong trading volume on Tuesday . 43,750 shares were traded during trading, a decline of 53% from the previous session’s volume of 94,073 shares.The stock last traded at $7.20 and had previously closed at $7.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on IRSA Inversiones y Representaciones Sociedad Anónima in a report on Thursday, October 5th. They issued a “hold” rating for the company.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The company has a 50-day moving average of $6.44 and a 200-day moving average of $6.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $541.99 million, a price-to-earnings ratio of 1.04 and a beta of 1.13.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Wednesday, September 6th. The financial services provider reported $1.49 earnings per share (EPS) for the quarter. The firm had revenue of $153.55 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 111.11% and a return on equity of 29.86%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Eaton Vance Management purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter worth approximately $1,155,000. Millennium Management LLC boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 286.0% during the second quarter. Millennium Management LLC now owns 72,208 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 53,501 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 8.4% in the second quarter. Macquarie Group Ltd. now owns 2,291,575 shares of the financial services provider’s stock valued at $8,250,000 after purchasing an additional 178,129 shares during the period. Goldman Sachs Group Inc. increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% in the second quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 13,584 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth about $58,000. 17.56% of the stock is currently owned by hedge funds and other institutional investors.

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.