IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading 6.7% Higher – Still a Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares traded up 6.7% on Wednesday . The company traded as high as $13.97 and last traded at $13.93. 90,320 shares traded hands during trading, a decline of 54% from the average session volume of 194,616 shares. The stock had previously closed at $13.05.

Analyst Ratings Changes

Separately, StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The stock’s 50 day moving average price is $15.38 and its 200 day moving average price is $13.33. The company has a market capitalization of $1.05 billion, a P/E ratio of -3.14 and a beta of 1.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced 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 8.91% and a negative net margin of 79.31%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently disclosed a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a dividend of $3.60 per share. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.53%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors and hedge funds have recently made changes to their positions in IRS. Sanctuary Advisors LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at approximately $473,000. GAMMA Investing LLC grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,419 shares during the last quarter. Secure Asset Management LLC increased its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock valued at $1,103,000 after purchasing an additional 10,824 shares during the period. Mirabella Financial Services LLP purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at $877,000. Finally, BNP Paribas Financial Markets boosted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 12,071 shares in the last quarter. Hedge funds and other institutional investors 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.