IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Crosses Above 200-Day Moving Average – Time to Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.02 and traded as high as $16.82. IRSA Inversiones Y Representaciones shares last traded at $16.7650, with a volume of 118,589 shares changing hands.

Analyst Upgrades and Downgrades

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

IRSA Inversiones Y Representaciones Stock Performance

The company’s 50-day moving average price is $15.60 and its two-hundred day moving average price is $15.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $1.30 billion, a PE ratio of 3.64 and a beta of 1.51.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Wednesday, February 25th. The financial services provider reported $0.58 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 85.84% and a return on equity of 25.51%. The company had revenue of $105.18 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently made changes to their positions in the business. Helikon Investments Ltd grew its holdings in shares of 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 during the last quarter. VR Advisory Services Ltd grew its holdings in shares of IRSA Inversiones Y Representaciones by 0.5% during the 4th quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock valued at $44,163,000 after purchasing an additional 13,926 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 6,969 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of 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 valued at $9,947,000 after purchasing an additional 97,089 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 9.1% during the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock valued at $4,575,000 after purchasing an additional 32,180 shares during the last quarter. Institutional investors own 45.46% of the company’s stock.

IRSA Inversiones Y Representaciones Company Profile

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.