Key Points
- Director Alejandro Gustavo Elsztain sold 78,971 shares at an average $1.26, worth about $99,503, reducing his stake by 1.53%; he retained 5,089,610 shares. He also recently sold another 20,000 shares.
- IRSA reported quarterly revenue of $117.96 million, above the $91.27 million consensus estimate, but posted a loss of $0.08 per share.
- Analyst sentiment was “Moderate Buy,” with an average price target of $23.30.
IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) Director Alejandro Gustavo Elsztain sold 78,971 shares of the firm's stock in a transaction on Friday, November 6th. The shares were sold at an average price of $1.26, for a total transaction of $99,503.46. Following the sale, the director owned 5,089,610 shares in the company, valued at approximately $6,412,908.60. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 Price Performance
NYSE:IRS traded up $0.39 during midday trading on Friday, hitting $12.49. The company had a trading volume of 223,110 shares, compared to its average volume of 265,297. IRSA Inversiones Y Representaciones S.A. has a 52-week low of $11.83 and a 52-week high of $19.14. The stock's fifty day moving average price is $14.15 and its 200-day moving average price is $15.02. The company has a market capitalization of $1.06 billion, a PE ratio of 6.98 and a beta of 1.25. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.34.
IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last released its earnings results on Tuesday, November 3rd. The financial services provider reported ($0.08) EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 29.63% and a return on equity of 9.20%. The firm had revenue of $117.96 million during the quarter, compared to the consensus estimate of $91.27 million. As a group, research analysts expect 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. Stockholders of record on Monday, November 2nd were issued a $1.6199 dividend. This represents a dividend yield of 1,304.0%. The ex-dividend date was Monday, November 2nd. 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 currently 83.24%.
Analyst Ratings Changes
IRS has been the topic of several recent research reports. Bank of America assumed coverage on IRSA Inversiones Y Representaciones in a research report on Tuesday, October 13th. They set a "buy" rating and a $23.60 price objective on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a report on Thursday, October 15th. Finally, Zacks Research upgraded IRSA Inversiones Y Representaciones to a "hold" rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.30.
View Our Latest Stock Analysis on IRS
Institutional Investors Weigh In On IRSA Inversiones Y Representaciones
A number of hedge funds have recently made changes to their positions in the business. OceanIQ Capital LLC bought a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at $968,000. Absolute Gestao de Investimentos Ltda. purchased a new position in IRSA Inversiones Y Representaciones in the 1st quarter worth $405,000. Abel Hall LLC raised its position in IRSA Inversiones Y Representaciones by 50.0% in the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider's stock worth $209,000 after purchasing an additional 5,000 shares during the period. FNY Investment Advisers LLC purchased a new position in IRSA Inversiones Y Representaciones in the 2nd quarter worth $60,000. Finally, Jump Financial LLC lifted its stake in IRSA Inversiones Y Representaciones by 27.7% in the third quarter. Jump Financial LLC now owns 16,913 shares of the financial services provider's stock worth $235,000 after purchasing an additional 3,671 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors.
About IRSA Inversiones Y Representaciones
(
Get Free Report)
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.
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