IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.62 and traded as high as $16.24. IRSA Inversiones Y Representaciones shares last traded at $15.4370, with a volume of 359,935 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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 currently has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Trading Down 4.1%

The company’s fifty day moving average is $15.11 and its 200-day moving average is $15.62. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.31 billion, a P/E ratio of 4.46 and a beta of 1.32.

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

Insider Activity at IRSA Inversiones Y Representaciones

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.06% of the company’s stock.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRS. Millennium Management LLC bought a new position in IRSA Inversiones Y Representaciones in the 1st quarter worth approximately $4,209,000. JPMorgan Chase & Co. boosted its position in shares of IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after acquiring an additional 226,617 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter valued at approximately $315,000. Jane Street Group LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter worth $249,000. Finally, BNP Paribas Financial Markets grew its stake in shares of IRSA Inversiones Y Representaciones by 220.5% in the second quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock worth $2,322,000 after acquiring an additional 114,687 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

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.