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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.80, but opened at $15.44. IRSA Inversiones Y Representaciones shares last traded at $15.6750, with a volume of 13,784 shares.

Wall Street Analysts Forecast Growth

IRS has been the topic of several research analyst reports. Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Itau BBA Securities raised IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research note on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.52 and a current ratio of 2.52. The firm has a market cap of $1.21 billion, a PE ratio of 3.39 and a beta of 1.48. The firm has a fifty day simple moving average of $16.22 and a two-hundred day simple moving average of $14.79.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $106.26 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 24.98%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in shares of IRSA Inversiones Y Representaciones by 17.9% during the fourth quarter. Invesco Ltd. now owns 64,575 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 9,812 shares during the period. XTX Topco Ltd purchased a new stake in IRSA Inversiones Y Representaciones during the fourth quarter worth approximately $283,000. VR Advisory Services Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 0.5% in 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 purchasing an additional 13,926 shares in the last quarter. Abel Hall LLC purchased a new position in IRSA Inversiones Y Representaciones in the fourth quarter valued at approximately $165,000. Finally, State of Wisconsin Investment Board acquired a new stake in IRSA Inversiones Y Representaciones during the fourth quarter worth approximately $424,000. Hedge funds and other 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.