IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $12.81 and last traded at $12.79, with a volume of 9519 shares trading hands. The stock had previously closed at $12.60.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on IRS shares. Jefferies Financial Group raised shares of 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 note on Wednesday, August 14th. StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.
View Our Latest Stock Report on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last issued its 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 return on equity of 29.86% and a net margin of 5.40%. The business had revenue of $129.87 million during the quarter.
Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima
Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,419 shares in the last quarter. Secure Asset Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at about $771,000. Systrade AG acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $1,138,000. Sanctuary Advisors LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at about $473,000. Finally, Ping Capital Management Inc. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $289,000. Institutional investors and hedge funds own 45.46% of the company’s stock.
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.
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