IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Sets New 1-Year High – Still a Buy?

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.40 and last traded at $16.95, with a volume of 208766 shares trading hands. The stock had previously closed at $17.13.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IRS shares. StockNews.com lowered shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Jefferies Financial Group raised shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price target for the stock from $10.50 to $13.00 in a report on Wednesday, August 14th.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Up 0.7 %

The stock has a market capitalization of $1.33 billion, a PE ratio of -3.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The business’s fifty day moving average price is $13.43 and its two-hundred day moving average price is $11.22.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings data on Tuesday, September 3rd. The financial services provider reported $1.31 earnings per share for the quarter. The firm had revenue of $129.87 million for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a — dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a dividend of $3.60 per share. The ex-dividend date is Friday, November 29th. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.53%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at $877,000. GAMMA Investing LLC raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,419 shares during the period. Secure Asset Management LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $771,000. Systrade AG acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $1,138,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $473,000. 45.46% of the stock is currently owned by institutional investors and hedge funds.

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.