IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Hits New 1-Year High – Here’s What Happened

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $17.67 and last traded at $17.45, with a volume of 174020 shares. The stock had previously closed at $17.10.

Analyst Ratings Changes

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 3.0 %

The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -3.69 and a beta of 1.37. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average is $14.19 and its two-hundred day moving average is $11.53.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a $3.60 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.53%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of hedge funds and other institutional investors have recently made changes to their positions in IRS. GAMMA Investing LLC grew its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares during the period. Quadrature Capital Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at $199,000. BW Gestao de Investimentos Ltda. purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $269,000. Ping Capital Management Inc. acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth $289,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth $473,000. Hedge funds and other 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.