IRSA Inversiones Y Representaciones (NYSE:IRS) Stock: Insider Alejandro Gustavo Elsztain Sells 78,971 Shares

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Director Alejandro Gustavo Elsztain sold 78,971 shares of IRSA Inversiones Y Representaciones stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $1.26, for a total value of $99,503.46. Following the completion of the transaction, the director directly owned 5,089,610 shares of the company’s stock, valued at approximately $6,412,908.60. This represents a 1.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, November 12th, Alejandro Gustavo Elsztain sold 20,000 shares of IRSA Inversiones Y Representaciones stock. The stock was sold at an average price of $1.23, for a total transaction of $24,600.00.

IRSA Inversiones Y Representaciones Stock Up 3.2%

IRSA Inversiones Y Representaciones stock traded up $0.39 during mid-day trading on Friday, reaching $12.49. The stock had a trading volume of 223,110 shares, compared to its average volume of 265,297. IRSA Inversiones Y Representaciones S.A. has a one year low of $11.83 and a one year high of $19.14. The company has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $15.02. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.98 and a beta of 1.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.25 and a quick ratio of 2.25.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $117.96 million for the quarter, compared to the consensus estimate of $91.27 million. IRSA Inversiones Y Representaciones had a net margin of 29.63% and a return on equity of 9.20%. On average, analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 EPS for the current fiscal year.

IRSA Inversiones Y Representaciones Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, November 9th. Stockholders of record on Monday, November 2nd were paid a $1.6199 dividend. This is a boost from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. This represents a dividend yield of 1,304.0%. The ex-dividend date was Monday, November 2nd. IRSA Inversiones Y Representaciones’s payout ratio is currently 83.24%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research report on Wednesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, October 15th. Finally, Bank of America started coverage on IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They issued a “buy” rating and a $23.60 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.30.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several large investors have recently bought and sold shares of IRS. Secure Asset Management LLC raised its position in IRSA Inversiones Y Representaciones by 1.3% in the 2nd quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after buying an additional 1,200 shares during the last quarter. OceanIQ Capital LLC lifted its stake in IRSA Inversiones Y Representaciones by 9.0% during the 3rd quarter. OceanIQ Capital LLC now owns 72,588 shares of the financial services provider’s stock valued at $1,034,000 after acquiring an additional 6,000 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones Y Representaciones during the 1st quarter valued at about $405,000. Jump Financial LLC boosted its holdings in shares of IRSA Inversiones Y Representaciones by 27.7% during the 3rd quarter. Jump Financial LLC now owns 16,913 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 3,671 shares during the last quarter. Finally, Abel Hall LLC boosted its holdings 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 valued at $209,000 after acquiring an additional 5,000 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones S.A. is an Argentine real estate company that develops, owns and operates properties, with a business focused primarily on Argentina. Its portfolio includes shopping centers, office buildings, hotels and residential developments. The company also invests in land and real estate projects, including properties intended for future development. Its activities span the property lifecycle, from acquiring and developing assets to leasing and managing them. IRSA is led by Chairman Eduardo Elsztain and is listed on the New York Stock Exchange under the symbol IRS.