IRSA Inversiones Y Representaciones (NYSE:IRS) Reaches New 12-Month Low – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) reached a new 52-week low on Monday. The company traded as low as $12.65 and last traded at $12.8140, with a volume of 26,804 shares. The stock had previously closed at $14.25.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IRS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, October 15th. Bank of America began coverage on shares of IRSA Inversiones Y Representaciones in a research note on Tuesday, October 13th. They issued a “buy” rating and a $23.60 target price for the company. Finally, Zacks Research upgraded shares of IRSA Inversiones Y Representaciones to a “hold” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IRSA Inversiones Y Representaciones has an average rating of “Moderate Buy” and an average price target of $23.30.

IRSA Inversiones Y Representaciones Stock Performance

The firm has a market capitalization of $1.06 billion, a PE ratio of 3.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.25 and a current ratio of 2.25. The company’s fifty day moving average price is $14.55 and its two-hundred day moving average price is $15.19.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.26%. The firm had revenue of $107.22 million during the quarter. As a group, equities analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds have recently made changes to their positions in the stock. OceanIQ Capital LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth $968,000. Y Intercept Hong Kong Ltd purchased a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter worth $712,000. Abel Hall LLC raised its position in shares of IRSA Inversiones Y Representaciones by 50.0% in the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider’s stock worth $209,000 after buying an additional 5,000 shares during the period. Triumph Capital Management boosted its holdings in IRSA Inversiones Y Representaciones by 46.8% in the third quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,450 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in 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 valued at $362,000 after acquiring an additional 12,255 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.