IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 52-Week High – Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.67 and last traded at $17.45, with a volume of 174020 shares. The stock had previously closed at $17.10.

Analysts Set New Price Targets

IRS has been the topic of several recent research reports. StockNews.com cut 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 upgraded IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.50 to $13.00 in a research note on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 3.0 %

The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $14.19 and its two-hundred day moving average price is $11.53. The firm has a market cap of $1.32 billion, a PE ratio of -3.69 and a beta of 1.37.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were given a dividend of $3.60 per share. 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 payout ratio is presently -21.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,419 shares during the period. Quadrature Capital Ltd purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at approximately $199,000. BW Gestao de Investimentos Ltda. acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $269,000. Ping Capital Management Inc. purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the second quarter worth $289,000. Finally, Sanctuary Advisors LLC acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at $473,000. Institutional investors and hedge funds own 45.46% of the company’s stock.

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.