Ping Capital Management Inc. Acquires 13,700 Shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS)

Ping Capital Management Inc. lifted its holdings in IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) by 27.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 64,000 shares of the financial services provider’s stock after purchasing an additional 13,700 shares during the quarter. IRSA Inversiones y Representaciones Sociedad Anónima comprises about 0.2% of Ping Capital Management Inc.’s holdings, making the stock its 27th biggest holding. Ping Capital Management Inc.’s holdings in IRSA Inversiones y Representaciones Sociedad Anónima were worth $956,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IRS. Sanctuary Advisors LLC bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the second quarter valued at about $473,000. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 1,419 shares during the last quarter. Systrade AG bought a new position in shares of IRSA Inversiones y Representaciones Sociedad Anónima in the third quarter worth about $1,138,000. Secure Asset Management LLC raised its position in IRSA Inversiones y Representaciones Sociedad Anónima by 12.6% in the 3rd quarter. Secure Asset Management LLC now owns 96,927 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 10,824 shares during the last quarter. Finally, Mirabella Financial Services LLP bought a new position in IRSA Inversiones y Representaciones Sociedad Anónima in the 3rd quarter worth approximately $877,000. 45.46% of the stock is owned by institutional investors.

IRSA Inversiones y Representaciones Sociedad Anónima Stock Down 0.5 %

IRS opened at $14.40 on Wednesday. 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 simple moving average of $15.73 and a 200 day simple moving average of $13.19. IRSA Inversiones y Representaciones Sociedad Anónima has a fifty-two week low of $7.10 and a fifty-two week high of $17.67.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS) last issued its earnings results on Wednesday, November 6th. The financial services provider reported ($1.55) EPS for the quarter. The business had revenue of $95.57 million 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%.

IRSA Inversiones y Representaciones Sociedad Anónima Increases Dividend

The company also recently disclosed a — dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a dividend of $3.60 per share. The ex-dividend date was Friday, November 29th. This is a boost from IRSA Inversiones y Representaciones Sociedad Anónima’s previous — dividend of $1.02. IRSA Inversiones y Representaciones Sociedad Anónima’s payout ratio is currently -21.53%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of IRSA Inversiones y Representaciones Sociedad Anónima from a “buy” rating to a “hold” rating in a research 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.