IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.
Separately, Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their target price for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.
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IRSA Inversiones y Representaciones Sociedad Anónima Price Performance
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Secure Asset Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $771,000. RFG Advisory LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% during the 1st quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock worth $970,000 after purchasing an additional 37,598 shares in the last quarter. Kopernik Global Investors LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at approximately $249,000. QRG Capital Management Inc. bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter valued at $177,000. Finally, Jump Financial LLC boosted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% during the fourth quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock valued at $197,000 after buying an additional 9,100 shares during the period. Institutional investors and hedge funds 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.
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