IRSA Inversiones Y Representaciones (NYSE:IRS) CIO Sells $38,116.89 in Stock

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available at this link.

IRSA Inversiones Y Representaciones Stock Up 2.5%

Shares of IRS stock opened at $15.83 on Friday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 4.58 and a beta of 1.32. IRSA Inversiones Y Representaciones S.A. has a one year low of $10.87 and a one year high of $19.14. The company’s fifty day moving average price is $15.05 and its 200-day moving average price is $15.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94.

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

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp bought a new stake in IRSA Inversiones Y Representaciones in the 3rd quarter valued at $25,000. Brevan Howard Capital Management LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 3rd quarter valued at about $130,000. Engineers Gate Manager LP bought a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at about $148,000. Abel Hall LLC bought a new position in shares of IRSA Inversiones Y Representaciones during the 4th quarter valued at about $165,000. Finally, Kestra Private Wealth Services LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the first quarter valued at about $170,000. Institutional investors own 45.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.