IRSA Inversiones Y Representaciones (NYSE:IRS) Issues Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) posted its quarterly earnings data on Thursday. The financial services provider reported $1.57 earnings per share for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%.

IRSA Inversiones Y Representaciones Stock Up 0.4%

IRS stock opened at $15.14 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.94 and a quick ratio of 2.94. The company has a 50-day moving average of $15.13 and a two-hundred day moving average of $15.22. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 4.38 and a beta of 1.30. IRSA Inversiones Y Representaciones has a 52-week low of $10.87 and a 52-week high of $19.14.

Insider Buying and Selling

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of IRSA Inversiones Y Representaciones stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 25.06% of the stock is currently owned by company insiders.

Institutional Trading of IRSA Inversiones Y Representaciones

Several large investors have recently added to or reduced their stakes in IRS. Van ECK Associates Corp grew its holdings in IRSA Inversiones Y Representaciones by 67.5% during the 4th quarter. Van ECK Associates Corp now owns 3,511 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,415 shares during the last quarter. Verition Fund Management LLC grew its position in shares of IRSA Inversiones Y Representaciones by 23.2% in the 3rd quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 3,148 shares during the period. JPMorgan Chase & Co. lifted its position in shares of IRSA Inversiones Y Representaciones by 0.8% in the fourth quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock worth $15,280,000 after purchasing an additional 6,969 shares in the last quarter. Invesco Ltd. boosted its stake in shares of IRSA Inversiones Y Representaciones by 17.9% during the 4th quarter. Invesco Ltd. now owns 64,575 shares of the financial services provider’s stock worth $1,068,000 after buying an additional 9,812 shares during the last quarter. Finally, Abel Hall LLC acquired a new position in IRSA Inversiones Y Representaciones during the fourth quarter valued at approximately $165,000. 45.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.