IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – Time to Buy?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) gapped up prior to trading on Friday . The stock had previously closed at $18.39, but opened at $19.14. IRSA Inversiones Y Representaciones shares last traded at $18.35, with a volume of 9,321 shares.

Wall Street Analyst Weigh In

IRS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Itau BBA Securities began coverage on shares of IRSA Inversiones Y Representaciones in a research note on Thursday. They issued an “outperform” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, IRSA Inversiones Y Representaciones has a consensus rating of “Moderate Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Stock Down 5.5%

The firm has a market cap of $1.35 billion, a P/E ratio of 3.50 and a beta of 1.49. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $16.04 and a 200-day moving average price of $14.73.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share for the quarter. The company had revenue of $93.69 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%.

IRSA Inversiones Y Representaciones Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 24th were issued a dividend of $1.4151 per share. This represents a yield of 998.0%. The ex-dividend date of this dividend was Monday, November 24th. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is presently 28.17%.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of hedge funds have recently bought and sold shares of IRS. Van ECK Associates Corp purchased a new position in shares of IRSA Inversiones Y Representaciones in the 3rd quarter valued at $25,000. Brevan Howard Capital Management LP purchased a new position in IRSA Inversiones Y Representaciones in the third quarter valued at about $130,000. Engineers Gate Manager LP bought a new position in IRSA Inversiones Y Representaciones in the second quarter worth about $148,000. Verition Fund Management LLC lifted its position in shares of IRSA Inversiones Y Representaciones by 23.2% during the third quarter. Verition Fund Management LLC now owns 16,721 shares of the financial services provider’s stock valued at $198,000 after buying an additional 3,148 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at about $249,000. 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.