IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 149,156 shares traded hands during trading, a decline of 3% from the previous session’s volume of 153,757 shares.The stock last traded at $10.98 and had previously closed at $10.24.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.50 to $13.00 in a report on Wednesday.
Read Our Latest Stock Report on IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend
The firm also recently announced a — dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, June 3rd were given a dividend of $0.6303 per share. The ex-dividend date of this dividend was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is 100.00%.
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
Several institutional investors have recently modified their holdings of IRS. Acadian Asset Management LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth approximately $27,000. Stokes Family Office LLC raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 11.2% in the first quarter. Stokes Family Office LLC now owns 44,805 shares of the financial services provider’s stock valued at $419,000 after buying an additional 4,525 shares during the last quarter. Jump Financial LLC lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 65.9% in the fourth quarter. Jump Financial LLC now owns 22,900 shares of the financial services provider’s stock worth $197,000 after buying an additional 9,100 shares in the last quarter. Deuterium Capital Management LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the first quarter worth about $96,000. Finally, Advisors Preferred LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the 1st quarter valued at about $94,000. Institutional investors and hedge funds 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.
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