IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Hits New 52-Week High – Here’s What Happened

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) hit a new 52-week high during trading on Tuesday . The company traded as high as $16.88 and last traded at $16.76, with a volume of 175794 shares. The stock had previously closed at $16.01.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IRS shares. StockNews.com cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group raised IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price target for the company from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

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 business’s 50-day moving average price is $13.23 and its two-hundred day moving average price is $11.14. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -3.65 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The company had revenue of $129.87 million during 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%.

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 paid a $3.60 dividend. This is an increase 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 (DPR) is -21.65%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 1st quarter valued at approximately $27,000. GAMMA Investing LLC boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,419 shares during the period. Quadrature Capital Ltd bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at $199,000. BW Gestao de Investimentos Ltda. acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $269,000. Finally, Ping Capital Management Inc. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth about $289,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

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.