IRSA Inversiones Y Representaciones (NYSE:IRS) Sets New 1-Year High – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price reached a new 52-week high on Monday . The stock traded as high as $17.46 and last traded at $17.4860, with a volume of 129890 shares changing hands. The stock had previously closed at $16.58.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Weiss Ratings restated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, IRSA Inversiones Y Representaciones presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Stock Performance

The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $15.87 and a 200-day moving average price of $14.60. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 3.52 and a beta of 1.49.

IRSA Inversiones Y Representaciones (NYSE:IRS) last posted its quarterly earnings data on Tuesday, November 25th. The financial services provider reported $1.45 earnings per share for the quarter. The firm had revenue of $93.69 million for the quarter. IRSA Inversiones Y Representaciones had a net margin of 86.65% and a return on equity of 27.35%.

IRSA Inversiones Y Representaciones Announces Dividend

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

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd lifted its holdings in IRSA Inversiones Y Representaciones by 44.6% in the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock valued at $40,540,000 after acquiring an additional 1,056,796 shares during the period. JPMorgan Chase & Co. grew its stake in shares of IRSA Inversiones Y Representaciones by 170.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,829 shares of the financial services provider’s stock worth $10,855,000 after purchasing an additional 577,280 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of IRSA Inversiones Y Representaciones by 202.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock valued at $5,971,000 after purchasing an additional 337,570 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones in the first quarter valued at about $4,209,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of IRSA Inversiones Y Representaciones by 721.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 185,493 shares of the financial services provider’s stock valued at $2,196,000 after purchasing an additional 162,913 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

About IRSA Inversiones Y Representaciones

IRSA Inversiones y Representaciones SA (NYSE: IRS) is Argentina’s leading real estate company, specializing in the development, acquisition and management of commercial, office, residential and hospitality properties. The company’s core operations encompass the planning and operation of shopping centers, premium office towers in Buenos Aires, urban residential complexes and full-service hotels. IRSA leverages its extensive land bank and development expertise to create mixed-use destinations that cater to evolving urban lifestyles.

IRSA’s shopping center division features a portfolio of flagship malls in Argentina, complemented by its Mall Plaza platform, which develops and operates retail destinations in Chile, Peru and Colombia.