BidaskClub Upgrades IRSA Inversiones Y Representaciones S.A. (IRS) to “Hold”

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Sunday, August 6th.

Several other research firms also recently weighed in on IRS. TheStreet raised IRSA Inversiones Y Representaciones from a “d+” rating to a “c-” rating in a research report on Tuesday, May 9th. Zacks Investment Research raised IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Monday, June 26th.

IRSA Inversiones Y Representaciones (NYSE IRS) traded up 1.09% during trading on Friday, reaching $25.03. 14,209 shares of the company’s stock traded hands. The company’s 50 day moving average is $23.25 and its 200-day moving average is $23.88. IRSA Inversiones Y Representaciones has a 52-week low of $16.13 and a 52-week high of $26.50. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 16.25 and a beta of 2.03.

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A number of institutional investors have recently made changes to their positions in the stock. Harbor Advisors LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter valued at $214,000. Acadian Asset Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter valued at $433,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of IRSA Inversiones Y Representaciones by 16.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 23,292 shares of the financial services provider’s stock valued at $562,000 after buying an additional 3,300 shares in the last quarter. FMR LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 133.5% in the fourth quarter. FMR LLC now owns 37,610 shares of the financial services provider’s stock valued at $694,000 after buying an additional 21,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 160.2% in the fourth quarter. Renaissance Technologies LLC now owns 44,237 shares of the financial services provider’s stock valued at $816,000 after buying an additional 27,237 shares in the last quarter. 20.01% of the stock is currently owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile