IRSA Inversiones Y Representaciones (NYSE:IRS) Director Alejandro Gustavo Elsztain Sells 78,971 Shares of Company Stock

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) Director Alejandro Gustavo Elsztain sold 78,971 shares of the firm’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $1.26, for a total value of $99,503.46. Following the transaction, the director owned 5,089,610 shares of the company’s stock, valued at $6,412,908.60. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, November 12th, Alejandro Gustavo Elsztain sold 20,000 shares of IRSA Inversiones Y Representaciones stock. The shares were sold at an average price of $1.23, for a total value of $24,600.00.

IRSA Inversiones Y Representaciones Stock Performance

Shares of IRS traded up $0.33 during mid-day trading on Friday, hitting $12.44. The stock had a trading volume of 142,422 shares, compared to its average volume of 179,402. The business has a fifty day moving average price of $14.21 and a 200-day moving average price of $15.05. 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 S.A. has a 52 week low of $11.83 and a 52 week high of $19.14. The firm has a market cap of $1.05 billion, a P/E ratio of 6.96 and a beta of 1.25.

IRSA Inversiones Y Representaciones (NYSE:IRS) last announced its quarterly earnings results on Tuesday, November 3rd. The financial services provider reported ($0.08) EPS for the quarter. The company had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $91.27 million. IRSA Inversiones Y Representaciones had a return on equity of 9.20% and a net margin of 29.63%. On average, equities research analysts expect that IRSA Inversiones Y Representaciones S.A. will post 0.23 EPS for the current year.

IRSA Inversiones Y Representaciones Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, November 9th. Shareholders of record on Monday, November 2nd were given a dividend of $1.6199 per share. This represents a yield of 1,304.0%. This is a positive change from IRSA Inversiones Y Representaciones’s previous annual dividend of $1.4151. The ex-dividend date was Monday, November 2nd. IRSA Inversiones Y Representaciones’s dividend payout ratio (DPR) is presently 83.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IRS. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday, October 15th. Bank of America started coverage on IRSA Inversiones Y Representaciones in a research note on Tuesday, October 13th. They issued a “buy” rating and a $23.60 price objective for the company. Finally, Zacks Research raised IRSA Inversiones Y Representaciones to a “hold” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.30.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of institutional investors have recently modified their holdings of IRS. OceanIQ Capital LLC bought a new position in IRSA Inversiones Y Representaciones in the 2nd quarter worth $968,000. Absolute Gestao de Investimentos Ltda. bought a new position in IRSA Inversiones Y Representaciones during the first quarter worth about $405,000. Abel Hall LLC boosted its holdings in shares of IRSA Inversiones Y Representaciones by 50.0% during the 3rd quarter. Abel Hall LLC now owns 15,000 shares of the financial services provider’s stock worth $209,000 after buying an additional 5,000 shares during the period. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones Y Representaciones during the 2nd quarter worth approximately $60,000. Finally, Triumph Capital Management bought a new stake in shares of IRSA Inversiones Y Representaciones in the 2nd quarter valued at about $48,000. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones S.A. is an Argentine real estate company that develops, owns and operates properties, with a business focused primarily on Argentina. Its portfolio includes shopping centers, office buildings, hotels and residential developments. The company also invests in land and real estate projects, including properties intended for future development. Its activities span the property lifecycle, from acquiring and developing assets to leasing and managing them. IRSA is led by Chairman Eduardo Elsztain and is listed on the New York Stock Exchange under the symbol IRS.