IRSA Inversiones y Representaciones SA (NYSE:IRS) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Wednesday.

A number of other research analysts also recently issued reports on the company. TheStreet raised IRSA Inversiones y Representaciones SA from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Zacks Investment Research raised IRSA Inversiones y Representaciones SA from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, October 11th.

Shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) opened at 18.27 on Wednesday. IRSA Inversiones y Representaciones SA has a 52-week low of $8.09 and a 52-week high of $20.22. The stock has a 50 day moving average price of $18.57 and a 200-day moving average price of $17.55. The firm’s market capitalization is $1.05 billion.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new position in IRSA Inversiones y Representaciones SA during the third quarter worth $127,000. Dynamic Technology Lab Private Ltd purchased a new position in IRSA Inversiones y Representaciones SA during the second quarter worth $184,000. Levin Capital Strategies L.P. increased its position in 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 worth $405,000 after buying an additional 3,200 shares during the period. Dorsey Wright & Associates purchased a new position in IRSA Inversiones y Representaciones SA during the third quarter worth $466,000. Finally, FMR LLC increased its position in IRSA Inversiones y Representaciones SA by 50.2% in the second quarter. FMR LLC now owns 30,200 shares of the company’s stock worth $508,000 after buying an additional 10,100 shares during the period. 17.31% of the stock is currently owned by institutional investors and hedge funds.

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About IRSA Inversiones y Representaciones SA

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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