IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Down 4.1% – Should You Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares traded down 4.1% during mid-day trading on Friday . The company traded as low as $14.30 and last traded at $14.56. 187,597 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 225,754 shares. The stock had previously closed at $15.19.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $15.83 and its two-hundred day simple moving average is $12.67.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were 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 of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.53%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position 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 valued at $39,000 after buying 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 third quarter worth approximately $199,000. JPMorgan Chase & Co. boosted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in the third quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 8,258 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at approximately $473,000. Finally, Mirabella Financial Services LLP acquired a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at approximately $877,000. 45.46% of the stock is owned by institutional investors.

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.