IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Hits New 52-Week High – Should You Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $14.85 and last traded at $14.71, with a volume of 47945 shares. The stock had previously closed at $14.26.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IRS shares. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.50 to $13.00 in a report on Wednesday, August 14th. StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -3.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.89 and a current ratio of 0.89. The company has a fifty day simple moving average of $12.54 and a two-hundred day simple moving average of $10.81.

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

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter worth $27,000. Secure Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $771,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $269,000. Ping Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $289,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $473,000. 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.