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

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) shares hit a new 52-week high during mid-day 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 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 Trading Down 3.4 %

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 has a market cap of $1.28 billion, a P/E ratio of -3.74 and a beta of 1.37. The business’s fifty day simple moving average is $14.59 and its 200 day simple moving average is $11.69.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, December 9th. Stockholders 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 of this dividend was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is -21.52%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IRS. GAMMA Investing LLC lifted its position 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 purchasing an additional 1,419 shares during the period. Quadrature Capital Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at $199,000. BW Gestao de Investimentos Ltda. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter valued at $269,000. Ping Capital Management Inc. acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at $289,000. Finally, Sanctuary Advisors LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth $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.