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

IRSA Inversiones Y Representaciones (NYSE:IRS) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.42 earnings per share for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.The company had revenue of $97.35 million during the quarter.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE IRS traded up $0.56 during mid-day trading on Friday, reaching $15.01. The company’s stock had a trading volume of 178,982 shares, compared to its average volume of 201,206. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 1.88. IRSA Inversiones Y Representaciones has a 52 week low of $10.61 and a 52 week high of $17.67. The stock has a fifty day moving average of $12.82 and a two-hundred day moving average of $14.12. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.31 and a beta of 1.50.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IRS. Wall Street Zen downgraded IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in IRSA Inversiones Y Representaciones by 200.7% in the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock worth $4,730,000 after purchasing an additional 226,617 shares during the last quarter. Millennium Management LLC purchased a new position in IRSA Inversiones Y Representaciones during the 1st quarter valued at $4,209,000. BNP Paribas Financial Markets grew its position in IRSA Inversiones Y Representaciones by 220.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock valued at $2,322,000 after acquiring an additional 114,687 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in IRSA Inversiones Y Representaciones in the second quarter worth $315,000. Finally, Jane Street Group LLC bought a new stake in shares of IRSA Inversiones Y Representaciones during the second quarter worth $249,000. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.