IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research 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 boosted 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 Up 3.7 %

The firm’s 50 day simple moving average is $13.23 and its 200 day simple moving average is $11.14. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -3.65 and a beta of 1.28. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter. The business had revenue of $129.87 million during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a positive return on equity of 8.91% and a negative net margin of 79.31%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently declared a — dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be issued a dividend of $3.60 per share. 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 -21.65%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake 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 valued at $39,000 after buying an additional 1,419 shares during the period. Acadian Asset Management LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter valued at approximately $27,000. Secure Asset Management LLC increased its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during 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 raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 12,071 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth approximately $199,000. Institutional investors and hedge funds 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.