IRSA Inversiones Y Representaciones (NYSE:IRS) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• IRSA Inversiones Y Representaciones' stock price crossed above its 200-day moving average of $14.20, reaching a high of $15.57 during trading on Tuesday.
• Wall Street Zen has downgraded the stock from a "strong-buy" rating to a "buy" rating as of July 20th.
• Institutional investors now own 45.46% of the company's stock, with significant recent acquisitions by various large investors including Ridgewood Investments LLC.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.20 and traded as high as $15.57. IRSA Inversiones Y Representaciones shares last traded at $15.47, with a volume of 139,068 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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 company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $14.67 and a two-hundred day moving average price of $14.23. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.97 and a beta of 1.36.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter. The business had revenue of $117.45 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 7.91% and a net margin of 25.95%.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of institutional investors and hedge funds have recently made changes to their positions in IRS. Ridgewood Investments LLC raised its position in shares of IRSA Inversiones Y Representaciones by 810.8% during the 1st quarter. Ridgewood Investments LLC now owns 4,718 shares of the financial services provider's stock worth $61,000 after purchasing an additional 4,200 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 4th quarter worth approximately $72,000. Deuterium Capital Management LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at approximately $136,000. Jane Street Group LLC acquired a new stake in IRSA Inversiones Y Representaciones in the 4th quarter valued at approximately $154,000. Finally, XTX Topco Ltd acquired a new stake in IRSA Inversiones Y Representaciones in the 4th quarter valued at approximately $196,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.