IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Climb 4.6% – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) rose 4.6% during mid-day trading on Tuesday. The stock traded as high as $14.41 and last traded at $14.4480. 54,541 shares traded hands during trading, a decline of 68% from the average session volume of 170,300 shares. The stock had previously closed at $13.81.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IRS shares. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Friday, July 17th. Bank of America began coverage on IRSA Inversiones Y Representaciones in a report on Tuesday. They issued a “buy” rating and a $23.60 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.30.

IRSA Inversiones Y Representaciones Trading Up 3.8%

The business has a fifty day moving average price of $14.78 and a 200 day moving average price of $15.15. The firm has a market cap of $1.21 billion, a PE ratio of 4.35 and a beta of 1.27. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. The firm had revenue of $107.22 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.99% and a net margin of 58.90%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IRS. Secure Asset Management LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after acquiring an additional 1,200 shares in the last quarter. OceanIQ Capital LLC purchased a new stake in IRSA Inversiones Y Representaciones in the 2nd quarter valued at about $968,000. Y Intercept Hong Kong Ltd acquired a new position in IRSA Inversiones Y Representaciones during the first quarter worth approximately $712,000. Verde Servicos Internacionais S.A. acquired a new stake in IRSA Inversiones Y Representaciones during the first quarter worth about $648,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new stake in IRSA Inversiones Y Representaciones during the first quarter worth approximately $405,000. Hedge funds and other institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones Sociedad Anónima is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential real estate, serving consumers, businesses and other tenants primarily in Argentina.

The company’s activities span the development and operation of retail properties, the ownership and leasing of commercial office space, hotel operations and the development of residential projects.