IRSA Inversiones Y Representaciones (NYSE:IRS) Issues Earnings Results

Key Points

• IRSA Inversiones Y Representaciones reported a quarterly earnings per share (EPS) of $1.74, with a net margin of 25.95% and a return on equity of 7.91%.
• Shares of IRSA fell 3.6% after opening at $13.89, with a market cap of $1.05 billion and a P/E ratio of 8.80.
• Institutional investors now hold 45.46% of the company's stock, with significant new stakes acquired in the second quarter by multiple hedge funds.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $1.74 earnings per share (EPS) for the quarter, Zacks reports. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%.

IRSA Inversiones Y Representaciones Stock Down 3.6%

Shares of IRSA Inversiones Y Representaciones stock opened at $13.89 on Thursday. The stock has a 50-day moving average price of $14.95 and a 200 day moving average price of $14.31. IRSA Inversiones Y Representaciones has a 1 year low of $9.70 and a 1 year high of $17.67. The company has a market cap of $1.05 billion, a P/E ratio of 8.80 and a beta of 1.47. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of IRSA Inversiones Y Representaciones from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP bought a new stake in IRSA Inversiones Y Representaciones in the second quarter worth $148,000. Jane Street Group LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter worth about $249,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth about $315,000. BNP Paribas Financial Markets raised its stake in shares of IRSA Inversiones Y Representaciones by 220.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider's stock valued at $2,322,000 after acquiring an additional 114,687 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 1st quarter worth approximately $4,209,000. Institutional investors own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.

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