Zacks Investment Research downgraded shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of IRSA Inversiones y Representaciones SA from a sell rating to a hold rating in a report on Friday, August 26th. Morgan Stanley upgraded shares of IRSA Inversiones y Representaciones SA from an equal weight rating to an overweight rating in a report on Wednesday, November 23rd.

IRSA Inversiones y Representaciones SA (NYSE:IRS) opened at 18.48 on Tuesday. IRSA Inversiones y Representaciones SA has a 1-year low of $8.09 and a 1-year high of $20.22. The firm’s market capitalization is $1.06 billion. The company has a 50-day moving average of $18.60 and a 200-day moving average of $17.65.

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Several hedge funds have recently made changes to their positions in the company. TT International acquired a new stake in shares of IRSA Inversiones y Representaciones SA during the second quarter worth approximately $4,949,000. Emerald Acquisition Ltd. purchased a new stake in IRSA Inversiones y Representaciones SA during the second quarter valued at about $2,604,000. Global X Management Co. LLC raised its stake in IRSA Inversiones y Representaciones SA by 11.7% in the second quarter. Global X Management Co. LLC now owns 95,892 shares of the company’s stock valued at $1,612,000 after buying an additional 10,023 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in IRSA Inversiones y Representaciones SA during the second quarter valued at about $184,000. Finally, BlackRock Inc. raised its stake in IRSA Inversiones y Representaciones SA by 70.8% in the second quarter. BlackRock Inc. now owns 121,795 shares of the company’s stock valued at $2,047,000 after buying an additional 50,501 shares during the period. 16.48% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones SA Company Profile

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