IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) Trading Down 3.8%

Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) were down 3.8% during trading on Thursday . The company traded as low as $9.30 and last traded at $9.38. Approximately 43,141 shares traded hands during trading, a decline of 73% from the average daily volume of 157,846 shares. The stock had previously closed at $9.75.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 3.4 %

The firm has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $9.11. The company has a market capitalization of $659.84 million, a P/E ratio of 14.15 and a beta of 1.40. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last posted its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a net margin of 8.94% and a return on equity of 29.02%. The company had revenue of $71.62 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend

The firm also recently declared a — dividend, which was paid on Tuesday, June 11th. Investors of record on Monday, June 3rd were given a $0.6303 dividend. The ex-dividend date of this dividend was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is presently 99.80%.

Institutional Investors Weigh In On IRSA Inversiones y Representaciones Sociedad Anónima

Institutional investors have recently added to or reduced their stakes in the stock. RFG Advisory LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth approximately $568,000. Glenorchy Capital Ltd bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the fourth quarter valued at $437,000. Helikon Investments Ltd boosted its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 3.5% in the 1st quarter. Helikon Investments Ltd now owns 1,266,348 shares of the financial services provider’s stock valued at $11,853,000 after purchasing an additional 42,494 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 31.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,021 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 36,113 shares during the last quarter. Finally, Kopernik Global Investors LLC acquired a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 4th quarter worth about $249,000. 45.46% of the stock is owned by institutional investors and hedge funds.

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.