IRSA Inversiones Y Representaciones (NYSE:IRS) CIO Jorge Alberto Cruces Sells 24,913 Shares

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website.

IRSA Inversiones Y Representaciones Price Performance

Shares of NYSE:IRS traded up $0.21 during midday trading on Tuesday, hitting $15.54. The company’s stock had a trading volume of 81,993 shares, compared to its average volume of 179,303. The company has a market cap of $1.26 billion, a P/E ratio of 4.49 and a beta of 1.31. IRSA Inversiones Y Representaciones S.A. has a 12-month low of $10.87 and a 12-month high of $19.14. The business’s 50 day simple moving average is $15.06 and its 200 day simple moving average is $15.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced 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 business had revenue of $104.67 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of IRSA Inversiones Y Representaciones by 170.0% in the third 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 period. RWC Asset Management LLP purchased a new position in IRSA Inversiones Y Representaciones during the fourth quarter worth about $2,577,000. Verde Servicos Internacionais S.A. acquired a new position in IRSA Inversiones Y Representaciones in the 1st quarter valued at about $648,000. Helikon Investments Ltd boosted its holdings in IRSA Inversiones Y Representaciones by 21.0% in the 4th quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock valued at $68,517,000 after purchasing an additional 718,512 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of IRSA Inversiones Y Representaciones by 19.3% in the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock valued at $9,947,000 after buying an additional 97,089 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Wall Street Analyst Weigh In

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