IRSA Inversiones Y Representaciones (NYSE:IRS) Releases Quarterly 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 for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.

IRSA Inversiones Y Representaciones Stock Performance

NYSE:IRS opened at $15.14 on Friday. The company has a market capitalization of $1.28 billion, a PE ratio of 4.38 and a beta of 1.30. The company has a 50 day simple moving average of $15.13 and a two-hundred day simple moving average of $15.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. IRSA Inversiones Y Representaciones has a fifty-two week low of $10.87 and a fifty-two week high of $19.14.

Insider Activity

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total value of $38,116.89. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 25.06% of the company’s stock.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently bought and sold shares of the company. VR Advisory Services Ltd boosted its position in IRSA Inversiones Y Representaciones by 0.5% during the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after acquiring an additional 13,926 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of IRSA Inversiones Y Representaciones by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock worth $15,280,000 after acquiring an additional 6,969 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of IRSA Inversiones Y Representaciones by 202.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after acquiring an additional 337,570 shares in the last quarter. Millennium Management LLC lifted its stake in shares of IRSA Inversiones Y Representaciones by 9.1% in the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock valued at $4,575,000 after purchasing an additional 32,180 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of IRSA Inversiones Y Representaciones by 721.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock valued at $2,196,000 after purchasing an additional 162,913 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.