IRSA Inversiones Y Representaciones (NYSE:IRS) Hits New 52-Week Low – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $12.65 and last traded at $12.8140, with a volume of 26,804 shares changing hands. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IRS shares. Bank of America assumed coverage on shares of IRSA Inversiones Y Representaciones in a report on Tuesday, October 13th. They set a “buy” rating and a $23.60 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, October 15th. Finally, Zacks Research raised shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

IRSA Inversiones Y Representaciones Trading Down 12.7%

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 3.80 and a beta of 1.25. The business’s 50 day moving average is $14.65 and its 200 day moving average is $15.24.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.26% and a net margin of 58.90%. The business had revenue of $107.22 million during the quarter. As a group, equities analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Abel Hall LLC raised its stake in shares of IRSA Inversiones Y Representaciones by 50.0% during the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider’s stock worth $209,000 after buying an additional 5,000 shares during the last quarter. OceanIQ Capital LLC raised its position in IRSA Inversiones Y Representaciones by 9.0% during the third quarter. OceanIQ Capital LLC now owns 72,588 shares of the financial services provider’s stock worth $1,034,000 after acquiring an additional 6,000 shares during the last quarter. Triumph Capital Management lifted its holdings in shares of IRSA Inversiones Y Representaciones by 46.8% in the third quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,450 shares in the last quarter. Secure Asset Management LLC grew its position in shares of IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock valued at $1,423,000 after purchasing an additional 1,200 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA 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 and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.