IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Up 4.5% – Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares were up 4.5% on Thursday . The company traded as high as $15.83 and last traded at $15.68. Approximately 40,331 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 166,140 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $11.81. The company has a market cap of $1.19 billion, a P/E ratio of -3.44 and a beta of 1.37.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were given a dividend of $3.60 per share. The ex-dividend date of this dividend was Friday, November 29th. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is -21.52%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,419 shares during the last quarter. Secure Asset Management LLC boosted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% in the third quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 10,824 shares during the period. BNP Paribas Financial Markets grew its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the third 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. Quadrature Capital Ltd acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth about $199,000. Finally, BW Gestao de Investimentos Ltda. bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $269,000. 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.