IRSA Inversiones Y Representaciones (NYSE:IRS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

IRSA Inversiones Y Representaciones Price Performance

The company’s fifty day moving average price is $15.14 and its 200 day moving average price is $15.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 4.38 and a beta of 1.30.

Insider Buying and Selling at IRSA Inversiones Y Representaciones

In other news, CIO Jorge Alberto Cruces sold 24,913 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $1.53, for a total transaction of $38,116.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 25.06% of the company’s stock.

Institutional Trading of IRSA Inversiones Y Representaciones

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verde Servicos Internacionais S.A. bought a new position in shares of IRSA Inversiones Y Representaciones in the 1st quarter valued at approximately $648,000. Y Intercept Hong Kong Ltd bought a new stake in shares of IRSA Inversiones Y Representaciones during the first quarter worth $712,000. RWC Asset Management LLP acquired a new stake in shares of IRSA Inversiones Y Representaciones in the fourth quarter valued at $2,577,000. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 21.0% during the 4th quarter. Helikon Investments Ltd now owns 4,142,489 shares of the financial services provider’s stock worth $68,517,000 after buying an additional 718,512 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in IRSA Inversiones Y Representaciones by 19.3% during the 4th quarter. BNP Paribas Financial Markets now owns 601,369 shares of the financial services provider’s stock worth $9,947,000 after acquiring an additional 97,089 shares during the last quarter. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones Y Representaciones Company Profile

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.