GAMMA Investing LLC Has $70,000 Stake in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

GAMMA Investing LLC raised its holdings in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 37.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,706 shares of the financial services provider’s stock after acquiring an additional 1,288 shares during the quarter. GAMMA Investing LLC’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $70,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter valued at about $1,138,000. Mirabella Financial Services LLP acquired a new position in IRSA Inversiones y Representaciones Sociedad Anónima during the third quarter valued at approximately $877,000. Sanctuary Advisors LLC bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at approximately $473,000. Quadrature Capital Ltd acquired a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima during the 3rd quarter worth approximately $199,000. Finally, BNP Paribas Financial Markets raised its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima by 14.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 98,416 shares of the financial services provider’s stock worth $1,120,000 after purchasing an additional 12,071 shares in the last quarter. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

Shares of IRS opened at $15.69 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a 50-day moving average of $15.72 and a 200-day moving average of $12.42. The company has a market cap of $1.17 billion, a PE ratio of -3.52 and a beta of 1.38. IRSA Inversiones y Representaciones Sociedad Anónima has a one year low of $7.10 and a one year high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The firm also recently declared a — dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were given a dividend of $3.60 per share. The ex-dividend date of this dividend 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 payout ratio is -21.52%.

Analysts Set New Price Targets

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

About IRSA Inversiones y Representaciones Sociedad Anónima

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.