IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Down – Here’s What Happened

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) shares gapped down prior to trading on Friday. The stock had previously closed at $13.92, but opened at $13.36. IRSA Inversiones Y Representaciones shares last traded at $13.3950, with a volume of 16,575 shares changing hands.

Wall Street Analysts Forecast Growth

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

IRSA Inversiones Y Representaciones Price Performance

The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $15.18. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.06 and a beta of 1.27.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter. The business had revenue of $107.22 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. OceanIQ Capital LLC acquired a new position in IRSA Inversiones Y Representaciones during the 2nd quarter valued at about $968,000. Verde Servicos Internacionais S.A. bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $648,000. Y Intercept Hong Kong Ltd bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $712,000. RWC Asset Management LLP purchased a new position in shares of IRSA Inversiones Y Representaciones during the fourth quarter valued at approximately $2,577,000. Finally, BNP Paribas Financial Markets grew its holdings in IRSA Inversiones Y Representaciones by 19.3% during the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after buying an additional 97,089 shares in the last quarter. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.