Secure Asset Management LLC Sells 15,079 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Secure Asset Management LLC decreased its position in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 15.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 81,848 shares of the financial services provider’s stock after selling 15,079 shares during the quarter. Secure Asset Management LLC’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $1,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in IRSA Inversiones y Representaciones Sociedad Anónima by 71.0% during the third quarter. GAMMA Investing LLC now owns 3,418 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,419 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth about $199,000. JPMorgan Chase & Co. raised its position in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 70.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,014 shares of the financial services provider’s stock valued at $228,000 after buying an additional 8,258 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter worth about $473,000. Finally, Mirabella Financial Services LLP purchased a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $877,000. 45.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Friday, November 8th.

IRSA Inversiones y Representaciones Sociedad Anónima Trading Up 0.7 %

Shares of IRS opened at $15.38 on Friday. IRSA Inversiones y Representaciones Sociedad Anónima has a twelve month low of $7.10 and a twelve month high of $17.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $15.89 and its 200-day simple moving average is $12.80. The company has a market cap of $1.15 billion, a P/E ratio of -3.45 and a beta of 1.38.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported ($1.55) EPS for the quarter. IRSA Inversiones y Representaciones Sociedad Anónima had a negative net margin of 79.31% and a positive return on equity of 8.91%. The business had revenue of $95.57 million during the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The business also recently declared a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a $3.60 dividend. The ex-dividend date was Friday, November 29th. This is an increase from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio (DPR) is currently -21.53%.

IRSA Inversiones y Representaciones Sociedad Anónima 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.