IRSA Inversiones y Representaciones SA (NYSE:IRS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “

IRS has been the subject of several other research reports. TheStreet upgraded shares of IRSA Inversiones y Representaciones SA from a “sell” rating to a “hold” rating in a research note 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 research note on Wednesday, November 23rd.

Shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) opened at 18.25 on Tuesday. The stock’s market capitalization is $1.05 billion. IRSA Inversiones y Representaciones SA has a 1-year low of $8.09 and a 1-year high of $20.22. The firm’s 50-day moving average price is $18.59 and its 200 day moving average price is $17.68.

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Several large investors have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of IRSA Inversiones y Representaciones SA during the third quarter valued at $127,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones SA during the second quarter valued at $184,000. Levin Capital Strategies L.P. increased its stake in shares of IRSA Inversiones y Representaciones SA by 15.3% in the second quarter. Levin Capital Strategies L.P. now owns 24,083 shares of the company’s stock valued at $405,000 after buying an additional 3,200 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of IRSA Inversiones y Representaciones SA during the third quarter valued at $466,000. Finally, FMR LLC increased its stake in shares of IRSA Inversiones y Representaciones SA by 50.2% in the second quarter. FMR LLC now owns 30,200 shares of the company’s stock valued at $508,000 after buying an additional 10,100 shares during the period. Institutional investors and hedge funds own 16.48% of the company’s stock.

IRSA Inversiones y Representaciones SA Company Profile

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