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

Secure Asset Management LLC lessened its stake in shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 owned about 0.11% of IRSA Inversiones y Representaciones Sociedad Anónima worth $1,222,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

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

IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance

NYSE:IRS opened at $15.38 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $12.80. The firm has a market capitalization of $1.15 billion, a PE ratio of -3.45 and a beta of 1.38. IRSA Inversiones y Representaciones Sociedad Anónima has a 52-week low of $7.10 and a 52-week high of $17.67.

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) earnings per share (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 company had revenue of $95.57 million for the quarter.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

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

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.