Mirabella Financial Services LLP Acquires New Shares in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Mirabella Financial Services LLP bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 77,093 shares of the financial services provider’s stock, valued at approximately $877,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IRS. Acadian Asset Management LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during 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. BW Gestao de Investimentos Ltda. purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $269,000. Ping Capital Management Inc. bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $289,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth $473,000. Institutional investors own 45.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IRS. 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 shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and increased their price objective 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 8.0 %

Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $16.03 on Tuesday. IRSA Inversiones y Representaciones Sociedad Anónima has a 1-year low of $7.32 and a 1-year high of $16.76. The company’s fifty day simple moving average is $12.95 and its 200-day simple moving average is $11.02. 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 stock has a market capitalization of $1.20 billion, a PE ratio of -3.43 and a beta of 1.28.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last released its 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 positive return on equity of 8.91% and a negative net margin of 79.31%. The company had revenue of $129.87 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, December 9th. Stockholders of record on Friday, November 29th will be 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 of this dividend is Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is presently -21.43%.

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.