IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

NYSE:IRS opened at $5.39 on Thursday. The firm has a market cap of $437.08 million, a PE ratio of 4.73 and a beta of 1.06. IRSA Inversiones y Representaciones Sociedad Anónima has a 12 month low of $3.16 and a 12 month high of $7.10. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $6.19 and its two-hundred day moving average price is $4.95.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth approximately $58,000. Millennium Management LLC lifted its position 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 10.7% during the second quarter. Goldman Sachs Group Inc. now owns 140,897 shares of the financial services provider’s stock worth $507,000 after purchasing an additional 13,584 shares in the last quarter. Eaton Vance Management acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth approximately $1,155,000. Finally, Banco BTG Pactual S.A. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 139.7% during the fourth quarter. Banco BTG Pactual S.A. now owns 287,096 shares of the financial services provider’s stock worth $1,372,000 after purchasing an additional 167,330 shares in the last quarter. 17.11% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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IRSA Inversiones y Representaciones SA engages in the real estate business. It operates through the Operations Center in Argentina and Operations Center in Israel segments. The Operations Center in Argentina segment operates in the following segments: shopping malls, offices and others, sales and developments, hotels, international, and financial operations, corporate and others.