Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.48 and last traded at $10.47, with a volume of 171324 shares changing hands. The stock had previously closed at $9.84.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th.
View Our Latest Stock Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 4.5 %
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) last issued its earnings results on Monday, February 5th. The financial services provider reported $0.76 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a return on equity of 25.70% and a net margin of 99.91%. The firm had revenue of $132.42 million for the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Advisors Preferred LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $94,000. Deuterium Capital Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter valued at approximately $96,000. Stokes Family Office LLC lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 11.2% in the first quarter. Stokes Family Office LLC now owns 44,805 shares of the financial services provider’s stock worth $419,000 after buying an additional 4,525 shares during the last quarter. Helikon Investments Ltd boosted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% during the 1st quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock worth $11,853,000 after buying an additional 42,494 shares during the period. Finally, RFG Advisory LLC grew its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% in the 1st quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after buying an additional 37,598 shares during the last quarter. 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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