IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Down 6.3% – What’s Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s share price dropped 6.3% during trading on Friday . The stock traded as low as $13.31 and last traded at $13.22. Approximately 108,959 shares changed hands during trading, a decline of 41% from the average daily volume of 185,092 shares. The stock had previously closed at $14.10.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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 stock has a market cap of $985.14 million, a P/E ratio of -2.95 and a beta of 1.35. The stock has a fifty day simple moving average of $15.67 and a 200-day simple moving average of $13.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings results on Friday, February 7th. The financial services provider reported $0.92 EPS 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%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company 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 was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is -21.53%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently modified their holdings of the business. Systrade AG raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock valued at $1,547,000 after purchasing an additional 3,601 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during 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 during the period. Secure Asset Management LLC raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% during the third quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock valued at $1,103,000 after purchasing an additional 10,824 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at about $877,000. Finally, Ping Capital Management Inc. raised its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 27.2% during the fourth quarter. Ping Capital Management Inc. now owns 64,000 shares of the financial services provider’s stock valued at $956,000 after purchasing an additional 13,700 shares during the period. Institutional investors 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.