IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Up 6.7% - Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) was up 6.7% during trading on Wednesday . The stock traded as high as $13.97 and last traded at $13.93. Approximately 90,320 shares were traded during trading, a decline of 54% from the average daily volume of 194,616 shares. The stock had previously closed at $13.05.

Analyst Ratings Changes

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 Stock Performance

The stock has a market capitalization of $1.06 billion, a PE ratio of -3.19 and a beta of 1.35. The firm's fifty day moving average is $15.20 and its 200-day moving average is $13.44. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS - Get Free Report) last released its earnings results on Friday, February 7th. The financial services provider reported $0.92 earnings per share 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 business also recently disclosed a -- dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $3.60 per share. The ex-dividend date of this dividend was 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 payout ratio is currently -21.53%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $154,000. Mirabella Financial Services LLP grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.8% during the fourth quarter. Mirabella Financial Services LLP now owns 88,504 shares of the financial services provider's stock worth $1,321,000 after buying an additional 11,411 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $196,000. Invesco Ltd. grew its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 95.1% during the fourth quarter. Invesco Ltd. now owns 52,790 shares of the financial services provider's stock worth $788,000 after buying an additional 25,738 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $72,000. 45.46% of the stock is owned by institutional investors and hedge funds.

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.