IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Down 6.3% - What's Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) dropped 6.3% during trading on Friday . The company traded as low as $13.31 and last traded at $13.22. Approximately 108,959 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 185,092 shares. The stock had previously closed at $14.10.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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 Price Performance

The firm has a market cap of $972.79 million, a P/E ratio of -2.92 and a beta of 1.35. The firm's fifty day simple moving average is $15.46 and its 200 day simple moving average is $13.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The financial services provider reported $0.92 earnings per share (EPS) for 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 disclosed a -- dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid 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 was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima's dividend payout ratio (DPR) is presently -21.53%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds have recently made changes to their positions in the business. Stokes Family Office LLC increased its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider's stock worth $693,000 after acquiring an additional 1,611 shares during the last quarter. Ping Capital Management Inc. increased its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the 4th quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider's stock valued at $956,000 after purchasing an additional 13,700 shares during the last quarter. Crocodile Capital Partners GmbH bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth $541,000. Systrade AG boosted its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider's stock worth $1,547,000 after buying an additional 3,601 shares during the period. Finally, GAMMA Investing LLC increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 1,288 shares during the last quarter. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

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.