IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Reaches New 1-Year 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 stock traded as high as $17.92 and last traded at $16.60, with a volume of 163199 shares trading hands. The stock had previously closed at $17.18.

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 research report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 0.3 %

The firm has a 50-day moving average of $14.74 and a two-hundred day moving average of $11.75. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -3.37 and a beta of 1.37. 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 Increases Dividend

The business also recently announced a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid 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 dividend payout ratio is presently -21.52%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently made changes to their positions in the stock. Systrade AG bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $1,138,000. BNP Paribas Financial Markets raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the third quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock valued at $1,120,000 after purchasing an additional 12,071 shares in the last quarter. Secure Asset Management LLC lifted its position in IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% in the third quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 10,824 shares during the period. Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter worth $877,000. Finally, Sanctuary Advisors LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at $473,000. Institutional investors 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.