Key Points
- IRSA CIO Jorge Alberto Cruces sold 24,913 shares on June 30 at an average price of $1.53, for total proceeds of $38,116.89, according to an SEC filing.
- The company recently reported quarterly EPS of ($0.28) on revenue of $104.67 million, while posting a net margin of 67.46% and return on equity of 18.88%.
- Analyst sentiment remains mixed but constructive: Weiss Ratings trimmed the stock to Hold (C), while MarketBeat shows a consensus Buy rating with a $23.00 average price target.
IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) CIO Jorge Alberto Cruces sold 24,913 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a document filed with the SEC, which is available through this link.
IRSA Inversiones Y Representaciones Price Performance
IRS opened at $15.54 on Wednesday. The stock has a fifty day moving average of $15.05 and a 200-day moving average of $15.61. The firm has a market capitalization of $1.26 billion, a P/E ratio of 4.49 and a beta of 1.31. IRSA Inversiones Y Representaciones S.A. has a 12-month low of $10.87 and a 12-month high of $19.14. 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 - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The business had revenue of $104.67 million for the quarter.
Institutional Trading of IRSA Inversiones Y Representaciones
A number of institutional investors have recently bought and sold shares of IRS. JPMorgan Chase & Co. increased its holdings in IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider's stock worth $10,855,000 after buying an additional 577,280 shares during the last quarter. RWC Asset Management LLP acquired a new stake in IRSA Inversiones Y Representaciones in the fourth quarter valued at approximately $2,577,000. Verde Servicos Internacionais S.A. acquired a new stake in IRSA Inversiones Y Representaciones in the first quarter valued at approximately $648,000. Helikon Investments Ltd grew its position in IRSA Inversiones Y Representaciones by 21.0% in the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider's stock worth $68,517,000 after acquiring an additional 718,512 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake 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 worth $9,947,000 after purchasing an additional 97,089 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.
Analyst Ratings Changes
Separately, Weiss Ratings cut IRSA Inversiones Y Representaciones from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $23.00.
Read Our Latest Stock Report on IRSA Inversiones Y Representaciones
About IRSA Inversiones Y Representaciones
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
