IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Gap Down – Time to Sell?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) gapped down before the market opened on Tuesday . The stock had previously closed at $14.27, but opened at $13.63. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $13.99, with a volume of 46,868 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Monday.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

The business’s 50-day moving average price is $15.14 and its 200-day moving average price is $13.47. The stock has a market cap of $1.07 billion, a P/E ratio of -3.20 and a beta of 1.35. 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 issued 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 announced a — dividend, which was paid on Monday, December 9th. Shareholders 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 was Friday, November 29th. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently -22.48%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the 4th quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 1,288 shares during the period. Stokes Family Office LLC raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% during the fourth quarter. Stokes Family Office LLC now owns 46,416 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 1,611 shares during the period. Glenorchy Capital Ltd lifted its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 5.4% in the fourth quarter. Glenorchy Capital Ltd now owns 43,938 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 2,262 shares in the last quarter. Systrade AG boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.6% in the fourth quarter. Systrade AG now owns 103,601 shares of the financial services provider’s stock worth $1,547,000 after acquiring an additional 3,601 shares during the period. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter worth about $72,000. 45.46% of the stock is currently 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.