IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.62 and traded as high as $16.24. IRSA Inversiones Y Representaciones shares last traded at $15.4370, with a volume of 359,935 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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 investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.31 billion, a PE ratio of 4.46 and a beta of 1.32. The firm’s fifty day moving average price is $15.11 and its 200 day moving average price is $15.62.

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

Insider Activity

In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.06% of the stock is currently owned by corporate insiders.

Institutional Trading of IRSA Inversiones Y Representaciones

Several large investors have recently added to or reduced their stakes in IRS. JPMorgan Chase & Co. raised 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 in the last quarter. RWC Asset Management LLP bought a new stake in IRSA Inversiones Y Representaciones in the fourth quarter worth $2,577,000. Verde Servicos Internacionais S.A. bought a new stake in IRSA Inversiones Y Representaciones in the first quarter worth $648,000. Helikon Investments Ltd increased its position in IRSA Inversiones Y Representaciones by 21.0% during the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after buying an additional 718,512 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 during the last quarter. 45.46% of the stock is owned by institutional investors.

About IRSA Inversiones Y Representaciones

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.