IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• IRSA Inversiones Y Representaciones' stock recently crossed above its 200-day moving average of $14.31, reaching a high of $14.67 during trading.
• Wall Street Zen downgraded the company from a "strong-buy" to a "buy" rating on July 20th, indicating a shift in market perception.
• Approximately 45.46% of the company's stock is owned by hedge funds and institutional investors, reflecting their significant interest in the firm.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.31 and traded as high as $14.67. IRSA Inversiones Y Representaciones shares last traded at $14.43, with a volume of 424,038 shares changing hands.

Analyst Upgrades and Downgrades

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

IRSA Inversiones Y Representaciones Price Performance

The stock's 50-day simple moving average is $14.94 and its 200 day simple moving average is $14.31. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.35. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 6.98 and a beta of 1.47.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its earnings results on Tuesday, September 2nd. The financial services provider reported $1.74 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 36.40% and a return on equity of 12.96%. The company had revenue of $115.67 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 65.7% in the second quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider's stock valued at $32,975,000 after buying an additional 938,706 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in IRSA Inversiones Y Representaciones by 9.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider's stock worth $11,164,000 after purchasing an additional 72,738 shares during the period. Fourth Sail Capital LP purchased a new stake in IRSA Inversiones Y Representaciones during the first quarter worth about $7,271,000. JPMorgan Chase & Co. increased its stake in IRSA Inversiones Y Representaciones by 200.7% during the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider's stock worth $4,730,000 after purchasing an additional 226,617 shares during the period. Finally, Millennium Management LLC purchased a new stake in IRSA Inversiones Y Representaciones during the first quarter worth about $4,209,000. Institutional investors and hedge funds own 45.46% of the company's stock.

About IRSA Inversiones Y Representaciones

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.