IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – Still a Buy?

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) gapped up before the market opened on Friday . The stock had previously closed at $18.39, but opened at $19.14. IRSA Inversiones Y Representaciones shares last traded at $18.35, with a volume of 9,321 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on IRS shares. Itau BBA Securities assumed coverage on IRSA Inversiones Y Representaciones in a research note on Thursday. They set an “outperform” rating and a $23.00 target price for the company. Wall Street Zen raised shares of IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Sunday, January 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

The company has a 50-day moving average of $16.01 and a 200-day moving average of $14.70. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 3.66 and a beta of 1.49. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 EPS for the quarter. The firm had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%.

IRSA Inversiones Y Representaciones Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 24th were given a dividend of $1.4151 per share. This represents a dividend yield of 998.0%. The ex-dividend date of this dividend was Monday, November 24th. IRSA Inversiones Y Representaciones’s dividend payout ratio is currently 28.17%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of large investors have recently bought and sold shares of IRS. Van ECK Associates Corp bought a new position in shares of IRSA Inversiones Y Representaciones during the third quarter valued at approximately $25,000. Brevan Howard Capital Management LP bought a new stake in shares of IRSA Inversiones Y Representaciones in the 3rd quarter worth approximately $130,000. Engineers Gate Manager LP acquired a new position in IRSA Inversiones Y Representaciones during the 2nd quarter valued at approximately $148,000. Verition Fund Management LLC grew its stake in IRSA Inversiones Y Representaciones by 23.2% during the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock worth $198,000 after buying an additional 3,148 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in IRSA Inversiones Y Representaciones in the second quarter worth $249,000. Institutional investors 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.