IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Up to $8.91

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) gapped up prior to trading on Friday . The stock had previously closed at $8.91, but opened at $9.23. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $9.23, with a volume of 1,391 shares traded.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $684.22 million, a price-to-earnings ratio of 14.54 and a beta of 1.40. The stock’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $9.11.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 8.94% and a return on equity of 29.02%. The business had revenue of $71.62 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The firm also recently announced a — dividend, which was paid on Tuesday, June 11th. Shareholders of record on Monday, June 3rd were given a dividend of $0.6303 per share. The ex-dividend date was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is 99.80%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds have recently bought and sold shares of IRS. Mirae Asset Global Investments Co. Ltd. grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 31.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,021 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 36,113 shares during the last quarter. RFG Advisory LLC grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 56.9% in the first quarter. RFG Advisory LLC now owns 103,657 shares of the financial services provider’s stock valued at $970,000 after purchasing an additional 37,598 shares during the last quarter. Capricorn Fund Managers Ltd grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the fourth quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after purchasing an additional 1,589 shares during the last quarter. Kopernik Global Investors LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at about $249,000. Finally, QRG Capital Management Inc. acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter valued at about $177,000. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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.