IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Down 4.1% – Time to Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) was down 4.1% on Friday . The company traded as low as $15.12 and last traded at $15.62. Approximately 152,034 shares traded hands during trading, a decline of 2% from the average daily volume of 154,408 shares. The stock had previously closed at $16.29.

Analyst Ratings Changes

Several equities analysts have issued reports on IRS shares. StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and raised their price target for the company from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 3.1 %

The company’s fifty day simple moving average is $12.95 and its 200-day simple moving average is $11.02. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.24% and a negative net margin of 79.31%. The firm had revenue of $129.87 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a $3.60 dividend. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. The ex-dividend date is Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently -13.64%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently bought and sold shares of the stock. Systrade AG acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $1,138,000. Secure Asset Management LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at approximately $771,000. Mirabella Financial Services LLP acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $877,000. Sanctuary Advisors LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $473,000. Finally, Ping Capital Management Inc. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at approximately $289,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.