IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Crosses Above 200 Day Moving Average – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.77 and traded as high as $15.27. IRSA Inversiones Y Representaciones shares last traded at $14.5520, with a volume of 100,468 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IRS shares. Wall Street Zen lowered IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Itau BBA Securities upgraded shares of IRSA Inversiones Y Representaciones to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $23.00.

IRSA Inversiones Y Representaciones Stock Down 2.3%

The company has a market cap of $1.13 billion, a P/E ratio of 3.14 and a beta of 1.50. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $16.07 and a 200 day moving average of $14.77.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Wednesday, February 25th. The financial services provider reported $0.58 earnings per share for the quarter. The company had revenue of $105.18 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 25.51% and a net margin of 85.84%.

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd increased its holdings in IRSA Inversiones Y Representaciones by 44.6% in the 3rd quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after acquiring an additional 1,056,796 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in IRSA Inversiones Y Representaciones by 170.0% during the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after purchasing an additional 577,280 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of IRSA Inversiones Y Representaciones by 202.5% in the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after purchasing an additional 337,570 shares during the period. Millennium Management LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter worth $4,209,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of IRSA Inversiones Y Representaciones by 721.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock valued at $2,196,000 after purchasing an additional 162,913 shares during the period. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

About IRSA Inversiones Y Representaciones

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.