IRSA Inversiones Y Representaciones (NYSE:IRS) Hits New 12-Month High – Should You Buy?

IRSA Inversiones Y Representaciones S.A. (NYSE:IRS)’s share price hit a new 52-week high during mid-day trading on Monday . The company 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

Several equities research analysts have recently commented on IRS shares. Weiss Ratings reissued a “hold (c)” rating on shares of IRSA Inversiones Y Representaciones in a research note on Thursday. Wall Street Zen upgraded IRSA Inversiones Y Representaciones from a “hold” rating to a “buy” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

IRSA Inversiones Y Representaciones Trading Up 5.5%

The business has a 50 day moving average of $15.87 and a 200-day moving average of $14.60. The stock has a market cap of $1.35 billion, a PE ratio of 3.52 and a beta of 1.49. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.30.

IRSA Inversiones Y Representaciones (NYSE:IRS) last released its quarterly 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 Dividend Announcement

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

Institutional Investors Weigh In On IRSA Inversiones Y Representaciones

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new position in shares of IRSA Inversiones Y Representaciones in the first quarter valued at approximately $4,209,000. Helikon Investments Ltd grew its stake in IRSA Inversiones Y Representaciones by 65.7% in the 2nd quarter. Helikon Investments Ltd now owns 2,367,181 shares of the financial services provider’s stock worth $32,975,000 after acquiring an additional 938,706 shares during the period. JPMorgan Chase & Co. raised its holdings in IRSA Inversiones Y Representaciones by 200.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 339,549 shares of the financial services provider’s stock valued at $4,730,000 after acquiring an additional 226,617 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in IRSA Inversiones Y Representaciones in the 2nd quarter valued at $315,000. Finally, Bosun Asset Management LLC lifted its stake in shares of IRSA Inversiones Y Representaciones by 24.7% during the 2nd quarter. Bosun Asset Management LLC now owns 163,598 shares of the financial services provider’s stock worth $2,279,000 after purchasing an additional 32,406 shares during the period. 45.46% of the stock is currently owned by hedge funds and other institutional investors.

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.