Irsa Inversiones y Rprsntcins (NYSE:IRS) Downgraded by TheStreet to “D”

TheStreet cut shares of Irsa Inversiones y Rprsntcins (NYSE:IRS) from a c rating to a d rating in a research report sent to investors on Monday morning, TheStreetRatingsTable reports.

Shares of NYSE:IRS opened at $5.78 on Monday. The firm’s 50-day simple moving average is $5.20 and its 200-day simple moving average is $7.60. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 3.11. Irsa Inversiones y Rprsntcins has a fifty-two week low of $4.00 and a fifty-two week high of $15.44.

Several large investors have recently modified their holdings of the company. Newfoundland Capital Management boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 40.6% in the second quarter. Newfoundland Capital Management now owns 138,803 shares of the financial services provider’s stock valued at $1,357,000 after acquiring an additional 40,109 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Irsa Inversiones y Rprsntcins in the second quarter valued at about $201,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Irsa Inversiones y Rprsntcins in the second quarter valued at about $138,000. City of London Investment Management Co. Ltd. boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 24.0% in the second quarter. City of London Investment Management Co. Ltd. now owns 1,273,944 shares of the financial services provider’s stock valued at $12,427,000 after acquiring an additional 246,317 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Irsa Inversiones y Rprsntcins by 40.7% in the first quarter. FMR LLC now owns 885,323 shares of the financial services provider’s stock valued at $9,649,000 after acquiring an additional 256,104 shares in the last quarter. 21.03% of the stock is currently owned by institutional investors and hedge funds.

About Irsa Inversiones y Rprsntcins

IRSA Inversiones y Representaciones Sociedad Anónima engages in the diversified real estate activities in Argentina. It is involved in the acquisition, development, and operation of shopping malls, and office buildings and other non-shopping center properties primarily for rental purposes. The company also acquires and operates hotels; develops and sells residential properties; and acquires undeveloped land reserves for future development or sale.

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