IRSA Inversiones Y Representaciones (NYSE:IRS) CIO Jorge Alberto Cruces Sells 24,913 Shares

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS) CIO Jorge Alberto Cruces sold 24,913 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were 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 is available through the SEC website.

IRSA Inversiones Y Representaciones Stock Up 1.4%

IRS stock opened at $15.54 on Wednesday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.39. IRSA Inversiones Y Representaciones S.A. has a fifty-two week low of $10.87 and a fifty-two week high of $19.14. The firm’s 50-day simple moving average is $15.05 and its 200 day simple moving average is $15.61. The stock has a market cap of $1.26 billion, a PE ratio of 4.49 and a beta of 1.31.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its earnings results on Tuesday, March 31st. The financial services provider reported ($0.28) earnings per share (EPS) for the quarter. IRSA Inversiones Y Representaciones had a net margin of 67.46% and a return on equity of 18.88%. The firm had revenue of $104.67 million for the quarter.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Helikon Investments Ltd raised its holdings 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 during the period. JPMorgan Chase & Co. boosted its holdings in shares of IRSA Inversiones Y Representaciones by 170.0% in the third quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after buying an additional 577,280 shares during the period. BNP Paribas Financial Markets increased its position in shares of IRSA Inversiones Y Representaciones by 202.5% in the third quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after acquiring an additional 337,570 shares in the last quarter. Millennium Management LLC purchased a new position in shares of IRSA Inversiones Y Representaciones in the first quarter worth approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of IRSA Inversiones Y Representaciones by 721.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock valued at $2,196,000 after acquiring an additional 162,913 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of IRSA Inversiones Y Representaciones from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $23.00.

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.