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

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Director Alejandro Gustavo Elsztain sold 78,971 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $1.26, for a total transaction of $99,503.46. Following the transaction, the director owned 5,089,610 shares in the company, valued at $6,412,908.60. The trade was a 1.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $1.23, for a total transaction of $24,600.00.

IRSA Inversiones Y Representaciones Trading Up 2.7%

IRS stock traded up $0.33 during trading on Friday, hitting $12.44. The company had a trading volume of 142,422 shares, compared to its average volume of 179,402. The firm has a 50-day moving average price of $14.21 and a 200-day moving average price of $15.05. IRSA Inversiones Y Representaciones S.A. has a 12 month low of $11.83 and a 12 month high of $19.14. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 6.96 and a beta of 1.25.

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

IRSA Inversiones Y Representaciones Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, November 9th. Shareholders of record on Monday, November 2nd were issued a dividend of $1.6199 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a yield of 1,304.0%. This is an increase from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is presently 83.24%.

Analysts Set New Price Targets

IRS has been the subject of several analyst reports. Bank of America assumed coverage on shares of IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They set a “buy” rating and a $23.60 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, October 15th. Finally, Zacks Research raised 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, IRSA Inversiones Y Representaciones presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently made changes to their positions in the company. Secure Asset Management LLC increased its stake in IRSA Inversiones Y Representaciones by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider’s stock worth $1,423,000 after purchasing an additional 1,200 shares in the last quarter. Triumph Capital Management boosted its stake in IRSA Inversiones Y Representaciones by 46.8% in the 3rd quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 1,450 shares during the period. FNY Investment Advisers LLC bought a new position in IRSA Inversiones Y Representaciones during the 2nd quarter worth about $60,000. Abel Hall LLC boosted its position in 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 acquiring an additional 5,000 shares during the last quarter. Finally, OceanIQ Capital LLC boosted its holdings 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 purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.