IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up - Should You Buy?

Key Points

• IRSA Inversiones Y Representaciones shares experienced a price increase, opening at $11.84 after closing at $11.52, with the latest trading at $12.02.
• Wall Street Zen downgraded IRSA from a buy rating to a hold rating on September 13th.
• The company reported earnings of $1.74 per share for the last quarter, with a net margin of 36.40% and a market cap of $896.66 million.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $11.52, but opened at $11.84. IRSA Inversiones Y Representaciones shares last traded at $12.02, with a volume of 54,506 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of IRSA Inversiones Y Representaciones from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th.

IRSA Inversiones Y Representaciones Trading Up 3.5%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.88 and a current ratio of 2.17. The company has a market capitalization of $903.18 million, a price-to-earnings ratio of 5.80 and a beta of 1.47. The business's 50-day simple moving average is $14.50 and its 200-day simple moving average is $14.22.

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 earnings per share (EPS) for the quarter. The business had revenue of $115.67 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IRS. Jane Street Group LLC bought a new position in IRSA Inversiones Y Representaciones in the fourth quarter valued at about $154,000. Ping Capital Management Inc. lifted its stake 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 buying an additional 26,200 shares during the period. GAMMA Investing LLC lifted its stake 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 buying an additional 56,930 shares during the period. Helikon Investments Ltd increased its holdings in shares of IRSA Inversiones Y Representaciones by 15.2% during 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 acquiring an additional 188,573 shares in the last quarter. Finally, Fourth Sail Capital LP bought a new stake in IRSA Inversiones Y Representaciones during the first quarter worth $7,271,000. 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.