IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Down - Here's What Happened

Key Points

• Shares of IRSA Inversiones Y Representaciones opened significantly lower at $12.04 after closing at $14.33, indicating a gap down before market hours.
• Wall Street Zen downgraded the stock's rating from "strong-buy" to "buy", reflecting a shift in analyst sentiment.
• The company's earnings report from September showed an EPS of $1.74, with a market capitalization of $963.42 million and a strong net margin of 36.40%.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $14.33, but opened at $12.04. IRSA Inversiones Y Representaciones shares last traded at $12.77, with a volume of 320,222 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research note on Saturday.

IRSA Inversiones Y Representaciones Stock Down 5.2%

The firm has a market cap of $901.81 million, a price-to-earnings ratio of 5.79 and a beta of 1.47. The firm's 50 day moving average price is $14.75 and its two-hundred day moving average price is $14.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.88 and a quick ratio of 1.88.

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

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in IRSA Inversiones Y Representaciones in the fourth quarter valued at about $154,000. Ping Capital Management Inc. lifted its position in IRSA Inversiones Y Representaciones by 40.9% in the first quarter. Ping Capital Management Inc. now owns 90,200 shares of the financial services provider's stock valued at $1,164,000 after purchasing an additional 26,200 shares during the period. GAMMA Investing LLC lifted its position in IRSA Inversiones Y Representaciones by 1,209.7% in the first quarter. GAMMA Investing LLC now owns 61,636 shares of the financial services provider's stock valued at $795,000 after purchasing an additional 56,930 shares during the period. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 15.2% in the first quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider's stock valued at $18,427,000 after purchasing an additional 188,573 shares during the period. Finally, Fourth Sail Capital LP acquired a new stake in IRSA Inversiones Y Representaciones in the first quarter valued at about $7,271,000. 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.