IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading 4.5% Higher – Here’s Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price shot up 4.5% on Thursday . The company traded as high as $15.83 and last traded at $15.68. 40,331 shares changed hands during trading, a decline of 76% from the average session volume of 166,140 shares. The stock had previously closed at $15.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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 Price Performance

The business has a fifty day moving average price of $14.85 and a 200 day moving average price of $11.81. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -3.44 and a beta of 1.37. 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 Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were paid a $3.60 dividend. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is presently -21.52%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently added to or reduced their stakes in the business. BW Gestao de Investimentos Ltda. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter valued at $269,000. Ping Capital Management Inc. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $289,000. Sanctuary Advisors LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth approximately $473,000. GAMMA Investing LLC raised its position 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 last quarter. Finally, Systrade AG purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth $1,138,000. 45.46% of the stock is owned by institutional investors.

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.