IRSA Inversiones Y Representaciones (NYSE:IRS) Issues Quarterly Earnings Results

IRSA Inversiones Y Representaciones (NYSE:IRS) issued its earnings results on Wednesday. The financial services provider reported $1.42 earnings per share for the quarter, Zacks reports. The firm had revenue of $97.35 million during the quarter. IRSA Inversiones Y Representaciones had a net margin of 36.40% and a return on equity of 12.00%.

IRSA Inversiones Y Representaciones Trading Up 3.8%

IRS traded up $0.56 during trading hours on Friday, reaching $15.01. 178,982 shares of the company’s stock traded hands, compared to its average volume of 201,206. The firm has a 50-day moving average price of $12.82 and a 200 day moving average price of $14.12. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.31 and a beta of 1.50. The company has a quick ratio of 1.88, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. IRSA Inversiones Y Representaciones has a 52-week low of $10.61 and a 52-week high of $17.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in IRSA Inversiones Y Representaciones during the 1st quarter valued at about $4,209,000. JPMorgan Chase & Co. increased its position in shares of IRSA Inversiones Y Representaciones by 200.7% during the second quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock worth $4,730,000 after acquiring an additional 226,617 shares during the period. BNP Paribas Financial Markets increased its position in shares of IRSA Inversiones Y Representaciones by 220.5% during the second quarter. BNP Paribas Financial Markets now owns 166,710 shares of the financial services provider’s stock worth $2,322,000 after acquiring an additional 114,687 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of IRSA Inversiones Y Representaciones during the second quarter valued at approximately $315,000. Finally, Jane Street Group LLC purchased a new stake in shares of IRSA Inversiones Y Representaciones in the second quarter valued at approximately $249,000. 45.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a report on Wednesday, October 8th. Wall Street Zen cut shares of IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.