IRSA Inversiones Y Representaciones (NYSE:IRS) Sees Unusually-High Trading Volume – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRSGet Free Report) shares saw an uptick in trading volume on Monday . Approximately 291,029 shares traded hands during mid-day trading, an increase of 67% from the previous session’s volume of 174,307 shares.The stock last traded at $15.13 and had previously closed at $14.92.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $23.00.

Get Our Latest Research Report on IRSA Inversiones Y Representaciones

IRSA Inversiones Y Representaciones Price Performance

The business’s 50 day simple moving average is $15.47 and its 200-day simple moving average is $15.54. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 4.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94.

IRSA Inversiones Y Representaciones (NYSE:IRSGet Free Report) last posted its earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) EPS for the quarter. The business had revenue of $104.67 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%.

Insider Buying and Selling at IRSA Inversiones Y Representaciones

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 25.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Institutional investors have recently bought and sold shares of the stock. Helikon Investments Ltd grew its position in shares of 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 purchasing an additional 718,512 shares during the last quarter. VR Advisory Services Ltd grew its holdings in shares of IRSA Inversiones Y Representaciones by 0.5% in the 4th quarter. VR Advisory Services Ltd now owns 2,670,087 shares of the financial services provider’s stock worth $44,163,000 after purchasing an additional 13,926 shares during the last quarter. JPMorgan Chase & Co. grew its position in IRSA Inversiones Y Representaciones by 0.8% during the 4th quarter. JPMorgan Chase & Co. now owns 923,798 shares of the financial services provider’s stock worth $15,280,000 after acquiring an additional 6,969 shares during the last quarter. BNP Paribas Financial Markets increased its position in IRSA Inversiones Y Representaciones by 19.3% in the 4th 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 in the last quarter. Finally, Millennium Management LLC increased its stake in shares of IRSA Inversiones Y Representaciones by 9.1% in the 3rd quarter. Millennium Management LLC now owns 386,440 shares of the financial services provider’s stock valued at $4,575,000 after buying an additional 32,180 shares during the period. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

(Get Free Report)

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.

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