IRSA Inversiones y Representaciones SA (IRS) Shares Down 2.3%
IRSA Inversiones y Representaciones SA (NYSE:IRS) shares dropped 2.3% on Friday . The stock traded as low as $18.33 and last traded at $18.38, with a volume of 92,449 shares traded. The stock had previously closed at $18.81.
Separately, Morgan Stanley lowered shares of IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a research report on Thursday.
The company has a market cap of $1.06 billion and a price-to-earnings ratio of 183.80. The company has a 50 day moving average of $16.80 and a 200 day moving average of $13.88.
An institutional investor recently raised its position in IRSA Inversiones y Representaciones SA stock. Morgan Stanley increased its stake in IRSA Inversiones y Representaciones SA (NYSE:IRS) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,611 shares of the company’s stock after buying an additional 1,709 shares during the period. Morgan Stanley owned approximately 0.16% of IRSA Inversiones y Representaciones SA worth $1,126,000 at the end of the most recent quarter.
Irsa Inversiones y Representaciones Sociedad Anonima (IRSA) is a real estate company. The Company is engaged, directly and indirectly through subsidiaries and joint ventures, in a range of diversified real estate related activities in Argentina, including the acquisition, development and operation of shopping centers; the development and sale of residential properties; the acquisition and development of office and other non-shopping center properties primarily for rental purposes; the acquisition and operation of luxury hotels; the acquisition of undeveloped land reserves for future development or sale, and selected real estate investments outside Argentina.
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