Zacks Investment Research lowered shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “IRSA Inversiones y Representaciones S.A. invests in and develops industrial, commercial and residential real estate in Argentina, Chile and Brazil. “

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of IRSA Inversiones y Representaciones SA from a sell rating to a hold rating in a report 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 report on Wednesday, November 23rd.

Shares of IRSA Inversiones y Representaciones SA (NYSE:IRS) opened at 18.48 on Tuesday. The firm’s market capitalization is $1.06 billion. The stock’s 50 day moving average is $18.60 and its 200-day moving average is $17.65. IRSA Inversiones y Representaciones SA has a 52-week low of $8.09 and a 52-week high of $20.22.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. raised its position in IRSA Inversiones y Representaciones SA by 12.3% in the second quarter. Macquarie Group Ltd. now owns 1,616,286 shares of the company’s stock worth $27,171,000 after buying an additional 176,501 shares during the last quarter. Bienville Capital Management LLC raised its position in IRSA Inversiones y Representaciones SA by 1.1% in the second quarter. Bienville Capital Management LLC now owns 604,730 shares of the company’s stock worth $10,165,000 after buying an additional 6,600 shares during the last quarter. Ashmore Group plc raised its position in IRSA Inversiones y Representaciones SA by 8.1% in the second quarter. Ashmore Group plc now owns 524,487 shares of the company’s stock worth $8,817,000 after buying an additional 39,087 shares during the last quarter. BlackRock Group LTD raised its position in IRSA Inversiones y Representaciones SA by 90.6% in the second quarter. BlackRock Group LTD now owns 363,999 shares of the company’s stock worth $6,119,000 after buying an additional 173,069 shares during the last quarter. Finally, TT International raised its position in IRSA Inversiones y Representaciones SA by 22.4% in the third quarter. TT International now owns 360,335 shares of the company’s stock worth $6,842,000 after buying an additional 65,917 shares during the last quarter. Institutional investors and hedge funds own 16.48% of the company’s stock.

About IRSA Inversiones y Representaciones SA

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