IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – Here’s Why

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price gapped up prior to trading on Friday . The stock had previously closed at $14.80, but opened at $15.44. IRSA Inversiones Y Representaciones shares last traded at $15.6750, with a volume of 13,784 shares.

Analyst Upgrades and Downgrades

IRS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, January 22nd. Itau BBA Securities upgraded shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a report on Friday, January 30th. Finally, Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

The firm’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $14.79. 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 stock has a market capitalization of $1.25 billion, a PE ratio of 3.49 and a beta of 1.48.

IRSA Inversiones Y Representaciones (NYSE:IRS) last issued its earnings results on Wednesday, February 4th. The financial services provider reported $0.58 EPS for the quarter. The business had revenue of $106.26 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 24.98% and a net margin of 85.84%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of large investors have recently made changes to their positions in IRS. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth approximately $4,209,000. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 65.7% in the 2nd quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock worth $32,975,000 after buying an additional 938,706 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IRSA Inversiones Y Representaciones by 200.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after buying an additional 226,617 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at $315,000. Finally, Bosun Asset Management LLC grew its holdings in shares of IRSA Inversiones Y Representaciones by 24.7% during the 2nd quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock valued at $2,279,000 after acquiring an additional 32,406 shares in the last quarter. Institutional investors and hedge funds 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.