IRSA Inversiones Y Representaciones (NYSE:IRS) Releases Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) posted its quarterly earnings results on Wednesday. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 25.51%.

IRSA Inversiones Y Representaciones Stock Down 2.1%

IRSA Inversiones Y Representaciones stock traded down $0.31 during trading on Thursday, reaching $14.72. 104,658 shares of the company’s stock were exchanged, compared to its average volume of 184,318. The company’s 50-day moving average is $15.35 and its two-hundred day moving average is $15.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.07 and a current ratio of 2.07. IRSA Inversiones Y Representaciones has a 52-week low of $10.87 and a 52-week high of $19.14. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 3.18 and a beta of 1.31.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp purchased a new position in IRSA Inversiones Y Representaciones in the 3rd quarter valued at about $25,000. Brevan Howard Capital Management LP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the 3rd quarter valued at about $130,000. Engineers Gate Manager LP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at about $148,000. Abel Hall LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the 4th quarter valued at about $165,000. Finally, Verition Fund Management LLC raised its stake in shares of IRSA Inversiones Y Representaciones by 23.2% in the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 3,148 shares in the last quarter. 45.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Itau BBA Securities upgraded IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Finally, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $23.00.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.