IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.87 and traded as high as $13.94. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.38, with a volume of 286,487 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Monday, February 17th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 4.5 %

The business has a 50 day simple moving average of $14.28 and a 200 day simple moving average of $13.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market cap of $979.67 million, a PE ratio of -3.06 and a beta of 1.45.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last issued its earnings results on Friday, February 7th. The financial services provider reported $0.92 EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 10.23% and a negative net margin of 79.08%.

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Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently made changes to their positions in IRS. Brevan Howard Capital Management LP acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth about $7,783,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 115.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 792,710 shares of the financial services provider's stock worth $11,835,000 after purchasing an additional 424,052 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth about $877,000. JPMorgan Chase & Co. lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 379.9% during the 4th quarter. JPMorgan Chase & Co. now owns 96,049 shares of the financial services provider's stock worth $1,434,000 after purchasing an additional 76,035 shares during the last quarter. Finally, Bosun Asset Management LLC lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 59.0% during the 4th quarter. Bosun Asset Management LLC now owns 180,214 shares of the financial services provider's stock worth $2,691,000 after purchasing an additional 66,890 shares during the last quarter. Institutional investors and hedge funds own 45.46% of the company's stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.