IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Climb 4.6% – Time to Buy?

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) traded up 4.6% on Tuesday. The company traded as high as $14.41 and last traded at $14.4480. 54,541 shares traded hands during trading, a decline of 68% from the average daily volume of 170,300 shares. The stock had previously closed at $13.81.

Analysts Set New Price Targets

IRS has been the subject of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. Bank of America began coverage on shares of IRSA Inversiones Y Representaciones in a research note on Tuesday. They set a “buy” rating and a $23.60 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $23.30.

IRSA Inversiones Y Representaciones Stock Performance

The stock has a market cap of $1.17 billion, a P/E ratio of 4.33 and a beta of 1.27. The business has a 50 day moving average price of $14.74 and a 200 day moving average price of $15.13. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly 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 return on equity of 17.99% and a net margin of 58.90%. The firm had revenue of $107.22 million during the quarter.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of large investors have recently made changes to their positions in IRS. Secure Asset Management LLC boosted its holdings in shares of IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 1,200 shares during the period. Triumph Capital Management grew its stake 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 worth $63,000 after purchasing an additional 1,450 shares in the last quarter. FNY Investment Advisers LLC bought a new position in IRSA Inversiones Y Representaciones in the second quarter worth approximately $60,000. Kestra Private Wealth Services LLC bought a new position in IRSA Inversiones Y Representaciones in the first quarter worth approximately $170,000. Finally, QRG Capital Management Inc. increased its holdings in IRSA Inversiones Y Representaciones by 121.7% during the 1st quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 12,255 shares during the period. 45.46% of the stock is owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima 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 real estate, serving consumers, businesses and other tenants primarily in Argentina.

The company’s activities span the development and operation of retail properties, the ownership and leasing of commercial office space, hotel operations and the development of residential projects.