IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Down 4.1% – What’s Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares dropped 4.1% during trading on Friday . The stock traded as low as $14.30 and last traded at $14.56. Approximately 187,597 shares traded 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.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 Stock Performance

The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -3.33 and a beta of 1.38. The company’s 50 day simple moving average is $15.82 and its 200 day simple moving average is $12.60. 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. Shareholders of record on Friday, November 29th were paid 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 was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently -21.53%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in 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 in the last quarter. Quadrature Capital Ltd bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at about $199,000. JPMorgan Chase & Co. boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 8,258 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth approximately $473,000. Finally, Mirabella Financial Services LLP bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $877,000. Institutional investors own 45.46% of the company’s stock.

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.