IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Downgraded by BidaskClub

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Monday, July 31st.

IRS has been the subject of several other research reports. Zacks Investment Research raised IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Monday, June 26th. TheStreet raised IRSA Inversiones Y Representaciones from a “d+” rating to a “c-” rating in a research report on Tuesday, May 9th.

Shares of IRSA Inversiones Y Representaciones (IRS) traded up 1.17% during mid-day trading on Monday, reaching $22.39. 32,131 shares of the company traded hands. IRSA Inversiones Y Representaciones has a 52-week low of $16.13 and a 52-week high of $26.50. The company’s 50 day moving average is $23.16 and its 200 day moving average is $23.77. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.54 and a beta of 2.03.

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A number of institutional investors have recently bought and sold shares of IRS. Harbor Advisors LLC purchased a new position in IRSA Inversiones Y Representaciones during the first quarter valued at approximately $214,000. Acadian Asset Management LLC purchased a new position in IRSA Inversiones Y Representaciones during the first quarter valued at approximately $433,000. FMR LLC boosted its position in 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 during the period. Renaissance Technologies LLC boosted its position in 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 during the period. Finally, Dumac Inc. boosted its position in IRSA Inversiones Y Representaciones by 9.1% in the second quarter. Dumac Inc. now owns 56,949 shares of the financial services provider’s stock valued at $1,374,000 after buying an additional 4,731 shares during the period. 19.68% of the stock is owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Company Profile

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