IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.62 and traded as high as $16.24. IRSA Inversiones Y Representaciones shares last traded at $15.4370, with a volume of 359,935 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Trading Down 1.3%

The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 4.36 and a beta of 1.32. The business’s 50-day simple moving average is $15.14 and its two-hundred day simple moving average is $15.62. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39.

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

Insider Transactions at IRSA Inversiones Y Representaciones

In other IRSA Inversiones Y Representaciones news, CIO Jorge Alberto Cruces sold 24,913 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total transaction of $38,116.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 25.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Institutional investors and hedge funds have recently modified their holdings of the company. Helikon Investments Ltd boosted its holdings in 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 acquiring an additional 718,512 shares during the period. VR Advisory Services Ltd increased its stake in IRSA Inversiones Y Representaciones by 0.5% during the fourth quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock worth $44,163,000 after purchasing an additional 13,926 shares during the period. JPMorgan Chase & Co. lifted its position in shares of IRSA Inversiones Y Representaciones by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock worth $15,280,000 after purchasing an additional 6,969 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of IRSA Inversiones Y Representaciones by 19.3% during the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after purchasing an additional 97,089 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of IRSA Inversiones Y Representaciones by 9.1% in the third 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 period. 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.