IRSA Inversiones Y Representaciones (NYSE:IRS) Hits New 52-Week Low - What's Next?

Key Points

• IRSA Inversiones Y Representaciones shares hit a new 52-week low, falling 12.7% to an intraday low of $12.65 from a prior close of $14.25.
• Analyst sentiment remains cautiously positive: the stock has a consensus “Moderate Buy” rating and an average price target of $23.30, well above its recent trading level.
• The company reported $1.26 in quarterly earnings per share on $107.22 million in revenue, while institutional investors own approximately 45.46% of outstanding shares.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s stock price reached a new 52-week low during trading on Monday. The stock traded as low as $12.65 and last traded at $12.8140, with a volume of 26,804 shares changing hands. The stock had previously closed at $14.25.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IRS shares. Bank of America assumed coverage on shares of IRSA Inversiones Y Representaciones in a report on Tuesday, October 13th. They set a "buy" rating and a $23.60 price target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, October 15th. Finally, Zacks Research raised shares of IRSA Inversiones Y Representaciones to a "hold" rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.30.

IRSA Inversiones Y Representaciones Trading Down 12.7%

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 3.80 and a beta of 1.25. The business's 50 day moving average is $14.65 and its 200 day moving average is $15.24.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last posted its earnings results on Friday, August 14th. The financial services provider reported $1.26 earnings per share for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.26% and a net margin of 58.90%. The business had revenue of $107.22 million during the quarter. As a group, equities analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Abel Hall LLC raised its stake in shares of IRSA Inversiones Y Representaciones by 50.0% during the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider's stock worth $209,000 after buying an additional 5,000 shares during the last quarter. OceanIQ Capital LLC raised its position in IRSA Inversiones Y Representaciones by 9.0% during the third quarter. OceanIQ Capital LLC now owns 72,588 shares of the financial services provider's stock worth $1,034,000 after acquiring an additional 6,000 shares during the last quarter. Triumph Capital Management lifted its holdings in shares of IRSA Inversiones Y Representaciones by 46.8% in the third quarter. Triumph Capital Management now owns 4,550 shares of the financial services provider's stock valued at $63,000 after purchasing an additional 1,450 shares in the last quarter. Secure Asset Management LLC grew its position in shares of IRSA Inversiones Y Representaciones by 1.3% in the second quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider's stock valued at $1,423,000 after purchasing an additional 1,200 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of IRSA Inversiones Y Representaciones during the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.