IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 1-Year High – Should You Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $16.88 and last traded at $16.76, with a volume of 175794 shares traded. The stock had previously closed at $16.01.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report 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 upped their target price for the stock from $10.50 to $13.00 in a research report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 3.3 %

The firm has a 50-day moving average of $13.02 and a 200 day moving average of $11.06. 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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -3.47 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The business had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be issued a $3.60 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is -21.43%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at $27,000. GAMMA Investing LLC raised its position 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 worth $39,000 after acquiring an additional 1,419 shares in the last quarter. Quadrature Capital Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $199,000. BW Gestao de Investimentos Ltda. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $269,000. Finally, Ping Capital Management Inc. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at about $289,000. Institutional investors own 45.46% of the company’s stock.

About IRSA Inversiones y Representaciones Sociedad Anónima

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.