IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 1-Year High – Still a Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.40 and last traded at $16.95, with a volume of 208766 shares trading hands. The stock had previously closed at $17.13.

Analyst Ratings Changes

Several brokerages recently issued reports on IRS. 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. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.50 to $13.00 in a research note on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The firm’s 50 day moving average price is $13.43 and its two-hundred day moving average price is $11.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $1.33 billion, a PE ratio of -3.76 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly 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 8.91%. The business 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. Stockholders of record on Friday, November 29th will be 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 is Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is -21.53%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several large investors have recently made changes to their positions in IRS. GAMMA Investing LLC lifted its holdings 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 worth $39,000 after acquiring an additional 1,419 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $199,000. BW Gestao de Investimentos Ltda. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $269,000. Ping Capital Management Inc. acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $289,000. Finally, Sanctuary Advisors LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $473,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.