IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Down – Should You Sell?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $15.91, but opened at $14.52. IRSA Inversiones Y Representaciones shares last traded at $14.3050, with a volume of 22,040 shares trading hands.

Analyst Ratings Changes

IRS has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Wednesday, October 8th. Wall Street Zen lowered IRSA Inversiones Y Representaciones from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

IRSA Inversiones Y Representaciones Trading Up 2.3%

The firm has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $14.24. The firm has a market cap of $1.10 billion, a P/E ratio of 7.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 1.88.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.42 EPS for the quarter. IRSA Inversiones Y Representaciones had a return on equity of 12.00% and a net margin of 36.40%.The firm had revenue of $97.35 million during the quarter.

IRSA Inversiones Y Representaciones Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 24th will be paid a dividend of $1.4151 per share. This represents a yield of 998.0%. The ex-dividend date is Monday, November 24th. IRSA Inversiones Y Representaciones’s payout ratio is 27.97%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Helikon Investments Ltd lifted its position in IRSA Inversiones Y Representaciones by 15.2% in the 1st quarter. Helikon Investments Ltd now owns 1,428,475 shares of the financial services provider’s stock valued at $18,427,000 after acquiring an additional 188,573 shares in the last quarter. Fourth Sail Capital LP bought a new stake in IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $7,271,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of IRSA Inversiones Y Representaciones by 9.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 865,448 shares of the financial services provider’s stock worth $11,164,000 after purchasing an additional 72,738 shares during the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $1,956,000. Finally, Deuterium Capital Management LLC bought a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $136,000. 45.46% of the stock is owned by institutional investors.

About IRSA Inversiones Y Representaciones

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.