IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Cut to “Sell” at BidaskClub

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

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. TheStreet upgraded shares of IRSA Inversiones Y Representaciones from a “d+” rating to a “c-” rating in a report on Tuesday, May 9th.

Shares of IRSA Inversiones Y Representaciones (IRS) opened at 22.39 on Monday. The stock has a 50 day moving average of $23.16 and a 200-day moving average of $23.77. The firm has a market capitalization of $1.29 billion, a P/E ratio of 14.54 and a beta of 2.03. IRSA Inversiones Y Representaciones has a 52-week low of $16.13 and a 52-week high of $26.50.

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Several hedge funds have recently added to or reduced their stakes in IRS. Macquarie Group Ltd. boosted its stake in IRSA Inversiones Y Representaciones by 21.7% in the first quarter. Macquarie Group Ltd. now owns 2,040,633 shares of the financial services provider’s stock worth $50,017,000 after buying an additional 363,247 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in IRSA Inversiones Y Representaciones by 43.2% in the first quarter. Russell Investments Group Ltd. now owns 208,468 shares of the financial services provider’s stock worth $5,109,000 after buying an additional 62,867 shares during the period. Tricadia Capital Management LLC boosted its stake in IRSA Inversiones Y Representaciones by 10.2% in the first quarter. Tricadia Capital Management LLC now owns 586,169 shares of the financial services provider’s stock worth $14,367,000 after buying an additional 54,300 shares during the period. Dorsey Wright & Associates boosted its stake in IRSA Inversiones Y Representaciones by 51.5% in the second quarter. Dorsey Wright & Associates now owns 117,683 shares of the financial services provider’s stock worth $1,210,000 after buying an additional 40,012 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in IRSA Inversiones Y Representaciones by 41.3% in the first quarter. Parametric Portfolio Associates LLC now owns 94,815 shares of the financial services provider’s stock worth $2,324,000 after buying an additional 27,700 shares during the period. Institutional investors and hedge funds own 19.68% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

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