IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Upgraded at StockNews.com

StockNews.com upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRSFree Report) from a hold rating to a buy rating in a research report report published on Wednesday.

Separately, TheStreet upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima from a d+ rating to a c- rating in a research report on Friday, November 24th.

Check Out Our Latest Analysis on IRS

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRS opened at $7.84 on Wednesday. The firm has a 50-day moving average price of $8.55 and a 200 day moving average price of $7.46. The firm has a market capitalization of $577.34 million, a PE ratio of 1.16 and a beta of 1.32. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.15. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $5.08 and a 52-week high of $9.51.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRSGet Free Report) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $3.37 earnings per share for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 99.91% and a return on equity of 26.26%. The company had revenue of $100.38 million during the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Wednesday, December 6th. Stockholders of record on Thursday, December 7th were given a dividend of $0.7874 per share. The ex-dividend date was Wednesday, December 6th. This represents a dividend yield of 8.8%. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is 31.84%.

Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new stake in IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at about $38,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the first quarter worth approximately $77,000. Jump Financial LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth approximately $81,000. Renaissance Technologies LLC purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth approximately $58,000. Finally, QRG Capital Management Inc. purchased a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the fourth quarter worth approximately $177,000. 17.56% of the stock is owned by hedge funds and other institutional investors.

About IRSA Inversiones y Representaciones Sociedad Anónima

(Get Free Report)

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.

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