IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.54 and traded as high as $15.72. IRSA Inversiones Y Representaciones shares last traded at $15.10, with a volume of 87,128 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, IRSA Inversiones Y Representaciones has a consensus rating of “Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Stock Down 3.3%

The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 4.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. The business’s 50-day moving average is $15.03 and its 200-day moving average is $15.54.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $104.67 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors have recently modified their holdings of IRS. Millennium Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter worth about $4,209,000. JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 226,617 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of IRSA Inversiones Y Representaciones in the second quarter worth about $315,000. Jane Street Group LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the second quarter worth about $249,000. Finally, BNP Paribas Financial Markets raised its stake in shares of IRSA Inversiones Y Representaciones by 220.5% in the second quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock worth $2,322,000 after acquiring an additional 114,687 shares during the last quarter. 45.46% of the stock is owned by institutional investors.

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.