IRSA Inversiones Y Representaciones (NYSE:IRS) Stock: Insider Alejandro Gustavo Elsztain Sells 20,000 Shares

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Director Alejandro Gustavo Elsztain sold 20,000 shares of the business’s stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $1.23, for a total transaction of $24,600.00. Following the completion of the sale, the director directly owned 5,069,610 shares of the company’s stock, valued at $6,235,620.30. This represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Friday, November 6th, Alejandro Gustavo Elsztain sold 78,971 shares of IRSA Inversiones Y Representaciones stock. The shares were sold at an average price of $1.26, for a total transaction of $99,503.46.

IRSA Inversiones Y Representaciones Trading Up 2.7%

Shares of NYSE:IRS traded up $0.33 on Friday, reaching $12.44. 142,422 shares of the company traded hands, compared to its average volume of 179,402. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.95 and a beta of 1.25. The business’s 50-day simple moving average is $14.21 and its 200 day simple moving average is $15.05. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.34. IRSA Inversiones Y Representaciones S.A. has a 52 week low of $11.83 and a 52 week high of $19.14.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.08) earnings per share for the quarter. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $91.27 million. IRSA Inversiones Y Representaciones had a net margin of 29.63% and a return on equity of 9.20%. As a group, equities analysts anticipate that IRSA Inversiones Y Representaciones S.A. will post 0.23 EPS for the current fiscal year.

IRSA Inversiones Y Representaciones Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, November 9th. Shareholders of record on Monday, November 2nd were given a $1.6199 dividend. The ex-dividend date was Monday, November 2nd. This is an increase from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. This represents a yield of 1,304.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio is presently 83.24%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several hedge funds have recently added to or reduced their stakes in the stock. OceanIQ Capital LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter worth $968,000. Abel Hall LLC increased its stake in IRSA Inversiones Y Representaciones by 50.0% during the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 5,000 shares in the last quarter. Triumph Capital Management increased its stake in IRSA Inversiones Y Representaciones by 46.8% during the 3rd quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,450 shares in the last quarter. Secure Asset Management LLC raised its stake in shares of IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after purchasing an additional 1,200 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter worth about $60,000. 45.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

IRS has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, October 15th. Zacks Research raised shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research report on Wednesday, October 14th. Finally, Bank of America initiated coverage on shares of IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They set a “buy” rating and a $23.60 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.30.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones S.A. is an Argentine real estate company that develops, owns and operates properties, with a business focused primarily on Argentina. Its portfolio includes shopping centers, office buildings, hotels and residential developments. The company also invests in land and real estate projects, including properties intended for future development. Its activities span the property lifecycle, from acquiring and developing assets to leasing and managing them. IRSA is led by Chairman Eduardo Elsztain and is listed on the New York Stock Exchange under the symbol IRS.