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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $17.92 and last traded at $16.60, with a volume of 163199 shares changing hands. The stock had previously closed at $17.18.

Analysts Set New Price Targets

Separately, 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.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 3.4 %

The firm has a 50 day moving average of $14.59 and a 200-day moving average of $11.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $1.28 billion, a P/E ratio of -3.74 and a beta of 1.37.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently announced a -- dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a $3.60 dividend. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima's previous -- dividend of $1.02. The ex-dividend date was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima's dividend payout ratio is presently -21.52%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently bought and sold shares of IRS. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth about $1,138,000. BNP Paribas Financial Markets raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in 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. Secure Asset Management LLC lifted 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 purchasing an additional 10,824 shares during the period. Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $877,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at approximately $473,000. Institutional investors and hedge funds 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.

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