Jorge Alberto Cruces Sells 24,913 Shares of IRSA Inversiones Y Representaciones (NYSE:IRS) Stock

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

IRSA Inversiones Y Representaciones Stock Down 0.5%

IRS stock opened at $15.36 on Thursday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 4.44 and a beta of 1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. IRSA Inversiones Y Representaciones S.A. has a one year low of $10.87 and a one year high of $19.14. The company has a 50 day moving average price of $15.05 and a two-hundred day moving average price of $15.61.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The business had revenue of $104.67 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new stake in shares of IRSA Inversiones Y Representaciones during the third quarter worth approximately $25,000. Abel Hall LLC acquired a new position in IRSA Inversiones Y Representaciones in the fourth quarter worth about $165,000. Kestra Private Wealth Services LLC bought a new stake in IRSA Inversiones Y Representaciones in the first quarter valued at about $170,000. Engineers Gate Manager LP bought a new stake in IRSA Inversiones Y Representaciones in the second quarter valued at about $148,000. Finally, Brevan Howard Capital Management LP acquired a new stake in IRSA Inversiones Y Representaciones during the third quarter valued at approximately $130,000. 45.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Company Profile

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.