IRSA Inversiones Y Representaciones (NYSE:IRS) Issues Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) issued its quarterly earnings data on Thursday. The financial services provider reported $1.57 EPS for the quarter, Zacks reports. The firm had revenue of $137.20 million during the quarter. 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 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 52-week low of $10.87 and a 52-week high of $19.14. The company has a 50-day simple moving average of $15.13 and a 200 day simple moving average of $15.22.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $23.00.

Insiders Place Their Bets

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were 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 through this link. 25.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp increased its position in IRSA Inversiones Y Representaciones by 67.5% in the fourth quarter. Van ECK Associates Corp now owns 3,511 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,415 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 23.2% during the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of IRSA Inversiones Y Representaciones by 0.8% during 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 during the period. Invesco Ltd. grew its stake in shares of IRSA Inversiones Y Representaciones by 17.9% during the 4th 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. Finally, Abel Hall LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 4th quarter worth about $165,000. 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.