IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Share Price Passes Above 200 Day Moving Average – Here’s Why

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) 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 traded.

Wall Street Analyst Weigh In

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

IRSA Inversiones y Representaciones Sociedad Anónima Price Performance

The business’s fifty day moving average price is $15.46 and its 200-day moving average price is $12.21. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.59 and a beta of 1.38. 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 company also recently declared 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. The ex-dividend date was Friday, November 29th. This is a positive change from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is -21.52%.

Hedge Funds Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in IRSA Inversiones y Representaciones Sociedad Anónima by 37.7% during the fourth quarter. GAMMA Investing LLC now owns 4,706 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 1,288 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% in 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 in the last quarter. Quadrature Capital Ltd bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter valued at $199,000. BNP Paribas Financial Markets raised its position in 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 worth $1,120,000 after purchasing an additional 12,071 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth $877,000. 45.46% of the stock is currently owned by institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Company Profile

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.