IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 12-Month High at $11.70

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.70 and last traded at $11.52, with a volume of 71829 shares trading hands. The stock had previously closed at $11.34.

Wall Street Analysts Forecast Growth

IRS has been the subject of several recent analyst reports. StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company has a 50-day moving average of $9.64 and a 200-day moving average of $9.53. The firm has a market capitalization of $866.73 million, a price-to-earnings ratio of 18.62 and a beta of 1.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.19.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $27,000. Advisors Preferred LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $94,000. Deuterium Capital Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth approximately $96,000. QRG Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth approximately $177,000. Finally, Jump Financial LLC boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% during the 4th quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock valued at $197,000 after purchasing an additional 9,100 shares during the period. 45.46% of the stock is owned by institutional investors and hedge funds.

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.