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 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 SEC, which is available through this link.

IRSA Inversiones Y Representaciones Price Performance

Shares of IRSA Inversiones Y Representaciones stock traded up $0.21 on Tuesday, hitting $15.54. The company’s stock had a trading volume of 81,993 shares, compared to its average volume of 179,303. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 4.49 and a beta of 1.31. IRSA Inversiones Y Representaciones S.A. has a 1 year low of $10.87 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a fifty day moving average price of $15.06 and a 200-day moving average price of $15.61.

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

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds have recently made changes to their positions in IRS. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $405,000. QRG Capital Management Inc. boosted its stake in shares of IRSA Inversiones Y Representaciones by 121.7% in the first quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 12,255 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth approximately $712,000. Kestra Private Wealth Services LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth approximately $170,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in IRSA Inversiones Y Representaciones in the 1st quarter valued at $648,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

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 report 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $23.00.

About IRSA Inversiones Y Representaciones

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.