IRSA Inversiones Y Representaciones (NYSE:IRS) Stock: Insider Alejandro Gustavo Elsztain Sells 20,000 Shares

Key Points

• Director Alejandro Gustavo Elsztain sold 20,000 shares for $24,600, reducing his position by 0.39% to 5,069,610 shares. He had also sold 78,971 shares earlier in November.
• For the latest quarter, IRSA reported an $0.08-per-share loss, while revenue of $117.96 million exceeded analyst estimates of $91.27 million.
• The company increased its annual dividend to $1.6199 per share from $1.4151. Analysts’ consensus rating was “Moderate Buy,” with a $23.30 average price target.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) Director Alejandro Gustavo Elsztain sold 20,000 shares of IRSA Inversiones Y Representaciones stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $1.23, for a total transaction of $24,600.00. Following the completion of the transaction, the director directly owned 5,069,610 shares in the company, valued at approximately $6,235,620.30. The trade was a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Friday, November 6th, Alejandro Gustavo Elsztain sold 78,971 shares of IRSA Inversiones Y Representaciones stock. The stock was sold at an average price of $1.26, for a total value of $99,503.46.

IRSA Inversiones Y Representaciones Stock Performance

Shares of NYSE:IRS traded up $0.33 on Friday, reaching $12.44. 142,422 shares of the company's stock were exchanged, compared to its average volume of 179,402. IRSA Inversiones Y Representaciones S.A. has a twelve month low of $11.83 and a twelve month high of $19.14. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.95 and a beta of 1.25. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $14.21 and a 200-day moving average of $15.05.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The financial services provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $117.96 million for the quarter, compared to analyst estimates of $91.27 million. IRSA Inversiones Y Representaciones had a net margin of 29.63% and a return on equity of 9.20%. On average, research analysts predict that IRSA Inversiones Y Representaciones S.A. will post 0.23 EPS for the current fiscal year.

IRSA Inversiones Y Representaciones Increases Dividend

The company also recently declared an annual dividend, which was paid on Monday, November 9th. Investors of record on Monday, November 2nd were paid a dividend of $1.6199 per share. This is an increase from IRSA Inversiones Y Representaciones's previous annual dividend of $1.4151. The ex-dividend date of this dividend was Monday, November 2nd. This represents a yield of 1,304.0%. IRSA Inversiones Y Representaciones's dividend payout ratio (DPR) is currently 83.24%.

Analyst Ratings Changes

Several research analysts have weighed in on IRS shares. Bank of America started coverage on shares of IRSA Inversiones Y Representaciones in a 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Secure Asset Management LLC increased its stake in IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider's stock valued at $1,423,000 after acquiring an additional 1,200 shares during the last quarter. OceanIQ Capital LLC raised its holdings in shares of IRSA Inversiones Y Representaciones by 9.0% during the 3rd quarter. OceanIQ Capital LLC now owns 72,588 shares of the financial services provider's stock valued at $1,034,000 after buying an additional 6,000 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of IRSA Inversiones Y Representaciones during the 1st quarter valued at about $405,000. Abel Hall LLC lifted 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 buying an additional 5,000 shares during the last quarter. Finally, Triumph Capital Management lifted its position in IRSA Inversiones Y Representaciones by 46.8% in the 3rd quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider's stock worth $63,000 after buying an additional 1,450 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

IRSA Inversiones Y Representaciones Company Profile

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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