IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.21 and traded as high as $16.38. IRSA Inversiones y Representaciones Sociedad Anónima shares last traded at $16.02, with a volume of 180,953 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 Price Performance

The stock’s 50 day moving average price is $15.46 and its 200-day moving average price is $12.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.20 billion, a PE ratio of -3.59 and a beta of 1.38.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were paid a dividend of $3.60 per share. The ex-dividend date was 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 -21.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,419 shares during the period. Quadrature Capital Ltd bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth about $199,000. JPMorgan Chase & Co. increased its position in IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 8,258 shares during the period. Ping Capital Management Inc. bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter valued at about $289,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 2nd quarter worth approximately $473,000. Institutional investors 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.