IRSA Inversiones Y Representaciones (NYSE:IRS) Sees Large Volume Increase – Here’s What Happened

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) saw strong trading volume on Monday . Approximately 291,029 shares traded hands during 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 issued a Hold rating to the company. Based on data from MarketBeat, IRSA Inversiones Y Representaciones currently has an average rating of “Buy” and an average target price of $23.00.

IRSA Inversiones Y Representaciones Trading Up 2.6%

The stock has a market cap of $1.29 billion, a PE ratio of 4.43 and a beta of 1.32. The company’s 50-day moving average price is $15.40 and its 200 day moving average price is $15.55. 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:IRS) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share for the quarter. The business had revenue of $104.67 million during the quarter. IRSA Inversiones Y Representaciones had a return on equity of 18.88% and a net margin of 67.46%.

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 transaction of $38,116.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 25.06% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IRS. JPMorgan Chase & Co. raised its stake in shares of IRSA Inversiones Y Representaciones by 170.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock valued at $10,855,000 after acquiring an additional 577,280 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $712,000. Verde Servicos Internacionais S.A. acquired a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at approximately $648,000. RWC Asset Management LLP acquired a new stake in IRSA Inversiones Y Representaciones in the 4th quarter valued at approximately $2,577,000. Finally, Helikon Investments Ltd raised 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 purchasing an additional 718,512 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

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.