IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – Here’s Why

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.80, but opened at $15.44. IRSA Inversiones Y Representaciones shares last traded at $15.6750, with a volume of 13,784 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IRS. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Itau BBA Securities upgraded shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Stock Up 1.5%

The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average of $16.22 and a 200 day moving average of $14.79. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 3.39 and a beta of 1.48.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $106.26 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 24.98%.

Institutional Trading of IRSA Inversiones Y Representaciones

Several large investors have recently modified their holdings of the business. Helikon Investments Ltd grew its stake in IRSA Inversiones Y Representaciones by 21.0% during 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 in the last quarter. VR Advisory Services Ltd raised its holdings in IRSA Inversiones Y Representaciones by 0.5% in the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after acquiring an additional 13,926 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in IRSA Inversiones Y Representaciones by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock valued at $15,280,000 after acquiring an additional 6,969 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in IRSA Inversiones Y Representaciones by 19.3% during the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after acquiring an additional 97,089 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of IRSA Inversiones Y Representaciones by 9.1% in the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock worth $4,575,000 after purchasing an additional 32,180 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.