IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 12-Month High at $12.45

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $12.45 and last traded at $12.30, with a volume of 63212 shares. The stock had previously closed at $12.05.

Analyst Upgrades and Downgrades

IRS has been the topic of a number of recent research reports. StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Jefferies Financial Group upgraded 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 report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 1.1 %

The stock has a fifty day moving average price of $9.98 and a 200-day moving average price of $9.67. The firm has a market cap of $899.98 million, a PE ratio of 19.35 and a beta of 1.29. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 0.52.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

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