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

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

Wall Street Analysts Forecast Growth

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 3.1 %

The firm has a market cap of $1.18 billion, a PE ratio of -3.41 and a beta of 1.28. The company has a 50-day simple moving average of $12.95 and a 200-day simple moving average of $11.02. 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 quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 EPS 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 company had revenue of $129.87 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently declared a — dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be paid a $3.60 dividend. The ex-dividend date of this dividend is 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 dividend payout ratio (DPR) is currently -13.64%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

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