Shares of Irsa Inversiones y Rprsntcins SA (NYSE:IRS) hit a new 52-week low during trading on Monday . The company traded as low as $13.76 and last traded at $13.80, with a volume of 85608 shares trading hands. The stock had previously closed at $13.85.

Separately, Morgan Stanley lowered Irsa Inversiones y Rprsntcins from an “equal weight” rating to an “underweight” rating in a research report on Thursday, October 11th.

The stock has a market cap of $796.38 million, a P/E ratio of 2.89 and a beta of 1.78. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.96 and a quick ratio of 0.96.

A number of institutional investors and hedge funds have recently modified their holdings of IRS. FMR LLC increased its holdings in Irsa Inversiones y Rprsntcins by 399.5% during the 2nd quarter. FMR LLC now owns 332,194 shares of the financial services provider’s stock worth $5,744,000 after purchasing an additional 265,684 shares in the last quarter. 683 Capital Management LLC increased its holdings in Irsa Inversiones y Rprsntcins by 41.1% during the 2nd quarter. 683 Capital Management LLC now owns 666,300 shares of the financial services provider’s stock worth $11,520,000 after purchasing an additional 194,008 shares in the last quarter. City of London Investment Management Co. Ltd. bought a new stake in Irsa Inversiones y Rprsntcins during the 2nd quarter worth approximately $1,391,000. Millennium Management LLC increased its holdings in Irsa Inversiones y Rprsntcins by 52.9% during the 1st quarter. Millennium Management LLC now owns 192,029 shares of the financial services provider’s stock worth $4,541,000 after purchasing an additional 66,455 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Irsa Inversiones y Rprsntcins by 9.0% during the 2nd quarter. BlackRock Inc. now owns 737,245 shares of the financial services provider’s stock worth $12,747,000 after purchasing an additional 60,749 shares in the last quarter. 19.81% of the stock is owned by hedge funds and other institutional investors.

About Irsa Inversiones y Rprsntcins (NYSE:IRS)

IRSA Inversiones y Representaciones Sociedad AnĂ³nima engages in diversified real estate activities in Argentina. The company operates through six segments: Shopping Malls, Offices and Others, Sales and Developments, Hotels, International, and Financial Operations and Others. 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.

See Also: NASDAQ Stock Market Explained

Receive News & Ratings for Irsa Inversiones y Rprsntcins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Irsa Inversiones y Rprsntcins and related companies with MarketBeat.com's FREE daily email newsletter.