IRSA Inversiones Y Representaciones S.A. (NYSE:IRS - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.22 and traded as high as $15.39. IRSA Inversiones Y Representaciones shares last traded at $15.2850, with a volume of 69,152 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of IRSA Inversiones Y Representaciones in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $23.00.
Check Out Our Latest Analysis on IRS
IRSA Inversiones Y Representaciones Stock Performance
The firm's 50 day moving average is $15.15 and its 200-day moving average is $15.22. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 4.42 and a beta of 1.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.
Insider Transactions at IRSA Inversiones Y Representaciones
In related news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total value of $38,116.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.06% of the company's stock.
Hedge Funds Weigh In On IRSA Inversiones Y Representaciones
Large investors have recently modified their holdings of the business. Verde Servicos Internacionais S.A. purchased a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth $648,000. Y Intercept Hong Kong Ltd purchased a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at $712,000. RWC Asset Management LLP acquired a new stake in IRSA Inversiones Y Representaciones during the 4th quarter worth $2,577,000. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 21.0% in the fourth quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider's stock valued at $68,517,000 after acquiring an additional 718,512 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in IRSA Inversiones Y Representaciones by 19.3% in the fourth quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider's stock valued at $9,947,000 after acquiring an additional 97,089 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.
About IRSA Inversiones Y Representaciones
(
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IRSA Inversiones y Representaciones SA NYSE: IRS is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.
IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.
Further Reading
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