IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Down 5.6%

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) traded down 5.6% during mid-day trading on Monday . The company traded as low as $8.32 and last traded at $8.46. 137,080 shares traded hands during trading, a decline of 14% from the average session volume of 159,200 shares. The stock had previously closed at $8.96.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 2.2 %

The firm has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.11. The firm has a market capitalization of $638.41 million, a price-to-earnings ratio of 13.39 and a beta of 1.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.52 and a current ratio of 0.52.

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

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

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

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds have recently modified their holdings of IRS. Capricorn Fund Managers Ltd raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 0.8% in the 4th quarter. Capricorn Fund Managers Ltd now owns 189,242 shares of the financial services provider’s stock valued at $1,627,000 after acquiring an additional 1,589 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 4th quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 31.2% in the 4th 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 buying an additional 36,113 shares during the period. RFG Advisory LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter valued at about $568,000. Finally, Glenorchy Capital Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $437,000. 45.46% of the stock is owned by institutional investors and hedge funds.

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.