Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Rating Lowered by Wall Street Zen

Key Points

• Cresud S.A.C.I.F. y A. has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, which may affect investor sentiment.
• The company's stock opened at $10.12 with a market capitalization of $621.47 million and a P/E ratio of 8.80.
• Large investors are showing interest, with GMT Capital Corp investing approximately $11.34 million and MIRAE ASSET GLOBAL ETFS HOLDINGS increasing its stake by over 111%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Cresud S.A.C.I.F. y A. Stock Down 1.3%

Shares of CRESY traded down $0.13 during mid-day trading on Friday, hitting $9.73. The company's stock had a trading volume of 114,314 shares, compared to its average volume of 214,700. The company's 50-day moving average is $10.90 and its 200-day moving average is $11.04. Cresud S.A.C.I.F. y A. has a 52-week low of $7.88 and a 52-week high of $14.23. The firm has a market capitalization of $597.46 million, a price-to-earnings ratio of 8.46 and a beta of 1.10. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several hedge funds have recently modified their holdings of CRESY. Tower Research Capital LLC TRC purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 4th quarter worth approximately $38,000. Bank of America Corp DE boosted its stake in Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after acquiring an additional 6,679 shares in the last quarter. Glenorchy Capital Ltd boosted its stake in Cresud S.A.C.I.F. y A. by 24.2% in the fourth quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock valued at $4,435,000 after acquiring an additional 68,442 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cresud S.A.C.I.F. y A. by 111.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock worth $11,977,000 after purchasing an additional 499,295 shares during the last quarter. Finally, Comprehensive Money Management Services LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth $966,000. Hedge funds and other institutional investors own 12.90% of the company's stock.

About Cresud S.A.C.I.F. y A.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.