IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Up 4.5% – Time to Buy?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) traded up 4.5% on Thursday . The company traded as high as $15.83 and last traded at $15.68. 40,331 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 166,140 shares. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

Separately, StockNews.com cut IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 0.8 %

The company has a market capitalization of $1.17 billion, a P/E ratio of -3.39 and a beta of 1.37. 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’s fifty day moving average is $14.74 and its 200 day moving average is $11.75.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently announced a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were issued a dividend of $3.60 per share. This is a positive change 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 currently -21.52%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several hedge funds have recently made changes to their positions in IRS. Systrade AG purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $1,138,000. BNP Paribas Financial Markets lifted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% in the 3rd 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 boosted its position 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 in the last quarter. Mirabella Financial Services LLP purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth $877,000. Finally, Sanctuary Advisors LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth $473,000. 45.46% of the stock is owned by hedge funds and other 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.