IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Down - Should You Sell?

Key Points

• IRSA shares fell at the open, dropping from a previous close of $13.92 to $13.36 before trading near $13.40.
• Analyst sentiment remains mixed but leans positive: one analyst rated the stock Strong Buy and another rated it Hold, producing a consensus “Buy” rating and a $23.00 price target.
• The company reported $1.26 in quarterly EPS on $107.22 million in revenue, with a 58.90% net margin; institutional investors own approximately 45.46% of its shares.

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report)'s share price gapped down prior to trading on Friday. The stock had previously closed at $13.92, but opened at $13.36. IRSA Inversiones Y Representaciones shares last traded at $13.3950, with a volume of 16,575 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, IRSA Inversiones Y Representaciones presently has an average rating of "Buy" and a consensus price target of $23.00.

IRSA Inversiones Y Representaciones Stock Performance

The firm has a market capitalization of $1.13 billion, a P/E ratio of 4.06 and a beta of 1.27. The company has a 50-day moving average of $14.99 and a 200-day moving average of $15.18. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.39.

IRSA Inversiones Y Representaciones (NYSE:IRS - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The financial services provider reported $1.26 EPS for the quarter. The firm had revenue of $107.22 million for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 17.99% and a net margin of 58.90%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. OceanIQ Capital LLC acquired a new position in IRSA Inversiones Y Representaciones in the second quarter valued at $968,000. Secure Asset Management LLC grew its holdings in IRSA Inversiones Y Representaciones by 1.3% during the 2nd quarter. Secure Asset Management LLC now owns 92,154 shares of the financial services provider's stock worth $1,423,000 after acquiring an additional 1,200 shares during the period. Triumph Capital Management bought a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth about $48,000. FNY Investment Advisers LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the 2nd quarter worth about $60,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at about $405,000. Institutional investors own 45.46% of the company's stock.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones Sociedad Anónima 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 real estate, serving consumers, businesses and other tenants primarily in Argentina.

The company's activities span the development and operation of retail properties, the ownership and leasing of commercial office space, hotel operations and the development of residential projects.

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