IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Pass Above 200-Day Moving Average – Here’s What Happened

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.77 and traded as high as $14.80. IRSA Inversiones Y Representaciones shares last traded at $14.46, with a volume of 420,517 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on IRS shares. Itau BBA Securities raised shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Price Performance

The firm has a 50-day moving average of $15.77 and a 200-day moving average of $14.78. The stock has a market cap of $1.20 billion, a PE ratio of 3.36 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.07 and a quick ratio of 2.07.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $0.58 EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 25.51% and a net margin of 85.84%.The company had revenue of $105.18 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 IRS. JPMorgan Chase & Co. boosted its holdings in shares of IRSA Inversiones Y Representaciones by 170.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after purchasing an additional 577,280 shares during the last quarter. Helikon Investments Ltd lifted its position in shares of IRSA Inversiones Y Representaciones by 44.6% in the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after buying an additional 1,056,796 shares in the last quarter. Ping Capital Management Inc. boosted its stake in IRSA Inversiones Y Representaciones by 8.1% during the third quarter. Ping Capital Management Inc. now owns 93,200 shares of the financial services provider’s stock valued at $1,103,000 after buying an additional 7,000 shares during the last quarter. Bosun Asset Management LLC boosted its stake in IRSA Inversiones Y Representaciones by 24.7% during the second quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock valued at $2,279,000 after buying an additional 32,406 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in IRSA Inversiones Y Representaciones during the 3rd quarter valued at approximately $25,000. 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.