IRSA Inversiones y Representaciones SA (IRS) Trading 4.8% Higher
IRSA Inversiones y Representaciones SA (NYSE:IRS)’s share price rose 4.8% during trading on Monday . The stock traded as high as $18.73 and last traded at $18.66, with a volume of 81,691 shares trading hands. The stock had previously closed at $17.80.
Separately, Morgan Stanley downgraded shares of IRSA Inversiones y Representaciones SA from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st.
The stock has a 50 day moving average of $17.37 and a 200 day moving average of $14.51. The company has a market cap of $1.07 billion and a price-to-earnings ratio of 186.00.
An institutional investor recently raised its position in IRSA Inversiones y Representaciones SA stock. Morgan Stanley increased its position in IRSA Inversiones y Representaciones SA (NYSE:IRS) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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.