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

IRSA Inversiones Y Representaciones (NYSE:IRS) issued its quarterly earnings data on Thursday. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The firm had revenue of $137.20 million during the quarter.

IRSA Inversiones Y Representaciones Stock Performance

IRS opened at $15.14 on Friday. The firm has a 50 day moving average of $15.13 and a two-hundred day moving average of $15.22. 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 $1.28 billion, a PE ratio of 4.38 and a beta of 1.30. IRSA Inversiones Y Representaciones has a 12-month low of $10.87 and a 12-month high of $19.14.

Insider Transactions at IRSA Inversiones Y Representaciones

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of IRSA Inversiones Y Representaciones 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.06% of the stock is currently owned by company insiders.

Institutional Trading of IRSA Inversiones Y Representaciones

Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp purchased a new position in IRSA Inversiones Y Representaciones during the third quarter worth about $25,000. Brevan Howard Capital Management LP acquired a new position in shares of IRSA Inversiones Y Representaciones during the 3rd quarter worth $130,000. Engineers Gate Manager LP purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter valued at approximately $148,000. Abel Hall LLC purchased a new stake in IRSA Inversiones Y Representaciones during the 4th quarter worth about $165,000. Finally, Verition Fund Management LLC lifted its stake in shares of IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the period. 45.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price 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.