IRSA Inversiones Y Representaciones (NYSE:IRS) Shares Gap Up – What’s Next?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $15.00, but opened at $15.91. IRSA Inversiones Y Representaciones shares last traded at $15.74, with a volume of 4,936 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IRS. Weiss Ratings reiterated a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Wednesday, October 8th. Wall Street Zen raised IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Price Performance

The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 3.12 and a beta of 1.49. The company’s 50-day simple moving average is $14.60 and its 200-day simple moving average is $14.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.52 and a quick ratio of 2.52.

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

IRSA Inversiones Y Representaciones Announces Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 24th were given a dividend of $1.4151 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a yield of 998.0%. IRSA Inversiones Y Representaciones’s dividend payout ratio is currently 28.17%.

Hedge Funds Weigh In On IRSA Inversiones Y Representaciones

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd grew its stake in IRSA Inversiones Y Representaciones by 44.6% during the third quarter. Helikon Investments Ltd now owns 3,423,977 shares of the financial services provider’s stock worth $40,540,000 after buying an additional 1,056,796 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 577,280 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of IRSA Inversiones Y Representaciones by 202.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 504,280 shares of the financial services provider’s stock worth $5,971,000 after acquiring an additional 337,570 shares during the period. Millennium Management LLC acquired a new stake in shares of IRSA Inversiones Y Representaciones during the 1st quarter worth approximately $4,209,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in 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 acquiring an additional 162,913 shares during the last quarter. 45.46% of the stock is owned by institutional investors and hedge funds.

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.