IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Down 4.1% – Should You Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price was down 4.1% on Friday . The stock traded as low as $14.30 and last traded at $14.56. Approximately 187,597 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 225,754 shares. The stock had previously closed at $15.19.

Analyst Ratings Changes

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

IRSA Inversiones y Representaciones Sociedad Anónima Trading Down 2.7 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -3.33 and a beta of 1.38. The company has a 50-day moving average price of $15.82 and a 200 day moving average price of $12.60.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

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

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the 3rd 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 period. Quadrature Capital Ltd purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at $199,000. JPMorgan Chase & Co. increased its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock worth $228,000 after acquiring an additional 8,258 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $473,000. Finally, Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at $877,000. 45.46% of the stock is owned by hedge funds and other institutional investors.

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.