IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) shares dropped 4.1% during mid-day trading on Friday . The company traded as low as $15.12 and last traded at $15.62. Approximately 152,034 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 154,408 shares. The stock had previously closed at $16.29.
Wall Street Analyst Weigh In
A number of analysts have weighed in on IRS shares. Jefferies Financial Group upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a "hold" rating to a "buy" rating and upped their price target for the company from $10.50 to $13.00 in a research report on Wednesday, August 14th. StockNews.com cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a "buy" rating to a "hold" rating in a research note on Friday, November 8th.
Read Our Latest Research Report on IRS
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
The stock has a 50 day moving average price of $12.87 and a two-hundred day moving average price of $10.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -3.42 and a beta of 1.28.
IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last announced its earnings results on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.24%. The company had revenue of $129.87 million during the quarter.
IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend
The company also recently declared a -- dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be issued a $3.60 dividend. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima's previous -- dividend of $1.02. The ex-dividend date of this dividend is Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima's dividend payout ratio (DPR) is currently -13.64%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in IRS. Quadrature Capital Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at approximately $199,000. BNP Paribas Financial Markets grew its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider's stock valued at $1,120,000 after acquiring an additional 12,071 shares in the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter valued at about $877,000. Secure Asset Management LLC raised its holdings 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 acquiring an additional 10,824 shares in the last quarter. Finally, Systrade AG acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $1,138,000. Institutional investors and hedge funds own 45.46% of the company's stock.
About IRSA Inversiones y Representaciones Sociedad Anónima
(
Get Free Report)
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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