IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.54 and traded as high as $15.72. IRSA Inversiones Y Representaciones shares last traded at $15.10, with a volume of 87,128 shares changing hands.

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 analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Trading Down 1.9%

The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $15.07 and a two-hundred day simple moving average of $15.53. The firm has a market cap of $1.20 billion, a PE ratio of 4.29 and a beta of 1.31.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.The business had revenue of $104.67 million during the quarter.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of IRSA Inversiones Y Representaciones by 170.0% in the 3rd 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. Helikon Investments Ltd increased its position in IRSA Inversiones Y Representaciones by 44.6% during the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock valued at $40,540,000 after buying an additional 1,056,796 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in IRSA Inversiones Y Representaciones during the 1st quarter valued at approximately $648,000. Polen Capital Management LLC increased its position in IRSA Inversiones Y Representaciones by 8.0% during the 4th quarter. Polen Capital Management LLC now owns 102,911 shares of the financial services provider’s stock valued at $1,702,000 after buying an additional 7,605 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 valued at $9,947,000 after buying an additional 97,089 shares in the last quarter. Hedge funds and other 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.