Mirabella Financial Services LLP Invests $877,000 in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Mirabella Financial Services LLP acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 77,093 shares of the financial services provider's stock, valued at approximately $877,000. Mirabella Financial Services LLP owned about 0.10% of IRSA Inversiones y Representaciones Sociedad Anónima at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IRS. Secure Asset Management LLC raised its stake in 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 worth $1,103,000 after buying an additional 10,824 shares during the last quarter. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth about $1,138,000. GAMMA Investing LLC lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the 3rd 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. Sanctuary Advisors LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $473,000. Finally, Ping Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at about $289,000. 45.46% of the stock is owned by institutional investors and hedge funds.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 4.5 %

Shares of IRS traded up $0.72 during trading hours on Tuesday, hitting $16.73. The stock had a trading volume of 446,986 shares, compared to its average volume of 158,215. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.32 and a 1-year high of $16.88. The firm has a market capitalization of $1.25 billion, a P/E ratio of -3.47 and a beta of 1.28. The firm has a 50 day simple moving average of $13.02 and a 200-day simple moving average of $11.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 EPS for the quarter. The firm 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. Investors of record on Friday, November 29th will be given a $3.60 dividend. The ex-dividend date 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 presently -21.43%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IRS. 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 boosted their target price for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th.

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.