IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Shares Down 4.1% – What’s Next?

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) dropped 4.1% during trading on Friday . The company traded as low as $14.30 and last traded at $14.56. Approximately 187,597 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 225,754 shares. The stock had previously closed at $15.19.

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 Trading Down 3.0 %

The company’s 50-day moving average is $15.83 and its 200-day moving average is $12.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently announced a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a $3.60 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently -21.53%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

A number of institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in 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 valued at $39,000 after acquiring an additional 1,419 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at approximately $199,000. JPMorgan Chase & Co. grew its holdings in shares of 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 last quarter. Sanctuary Advisors LLC acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the 2nd quarter worth approximately $473,000. Finally, Mirabella Financial Services LLP bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at approximately $877,000. Institutional investors and hedge funds 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.