IRSA Inversiones Y Representaciones (NYSE:IRS) Hits New 1-Year Low – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) reached a new 52-week low on Monday. The stock traded as low as $12.65 and last traded at $12.8140, with a volume of 26,804 shares traded. The stock had previously closed at $14.25.

Analyst Ratings Changes

A number of equities analysts have recently commented on IRS shares. Zacks Research raised shares of IRSA Inversiones Y Representaciones to a “hold” rating in a research note on Wednesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday, October 15th. Finally, Bank of America initiated coverage on shares of IRSA Inversiones Y Representaciones in a research note on Tuesday, October 13th. They set a “buy” rating and a $23.60 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.30.

IRSA Inversiones Y Representaciones Stock Down 12.7%

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 3.80 and a beta of 1.25. The firm’s fifty day moving average is $14.65 and its two-hundred day moving average is $15.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.25 and a quick ratio of 2.25.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its earnings results on Friday, August 14th. The financial services provider reported $1.26 EPS for the quarter. IRSA Inversiones Y Representaciones had a net margin of 58.90% and a return on equity of 17.26%. The business had revenue of $107.22 million during the quarter. On average, sell-side analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several large investors have recently bought and sold shares of IRS. OceanIQ Capital LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 2nd quarter valued at about $968,000. Y Intercept Hong Kong Ltd bought a new position in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $712,000. Absolute Gestao de Investimentos Ltda. acquired a new stake in IRSA Inversiones Y Representaciones in the 1st quarter valued at $405,000. QRG Capital Management Inc. boosted its stake in IRSA Inversiones Y Representaciones by 121.7% in the 1st quarter. QRG Capital Management Inc. now owns 22,328 shares of the financial services provider’s stock valued at $362,000 after buying an additional 12,255 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new stake in IRSA Inversiones Y Representaciones in the first quarter valued at $170,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

IRSA Inversiones Y Representaciones Company Profile

IRSA Inversiones y Representaciones SA is an Argentine real estate company engaged in the acquisition, development, leasing and management of properties. Its portfolio includes shopping centers, office buildings, hotels and residential and mixed-use developments, with operations primarily focused on Argentina.

The company operates and invests in a range of well-known Argentine commercial properties, including shopping centers such as Alto Palermo, Abasto, Patio Bullrich, Alto Avellaneda and DOT Baires.