Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Downgraded by Wall Street Zen to Hold

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 investment 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 Performance

Cresud S.A.C.I.F. y A. stock traded up $0.12 during mid-day trading on Friday, reaching $9.71. The company's stock had a trading volume of 329,056 shares, compared to its average volume of 220,515. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43. Cresud S.A.C.I.F. y A. has a twelve month low of $8.29 and a twelve month high of $14.23. The business has a 50 day moving average price of $10.86 and a 200-day moving average price of $11.02. The firm has a market cap of $596.29 million, a price-to-earnings ratio of 8.44 and a beta of 1.10.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The company reported $1.00 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.10% and a return on equity of 4.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Kopernik Global Investors LLC increased its position in Cresud S.A.C.I.F. y A. by 19.9% in the second quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company's stock worth $25,747,000 after buying an additional 396,741 shares during the period. GMT Capital Corp grew its position in shares of Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company's stock worth $16,889,000 after acquiring an additional 543,213 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Cresud S.A.C.I.F. y A. by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company's stock worth $11,474,000 after acquiring an additional 90,066 shares during the last quarter. 683 Capital Management LLC increased its holdings in shares of Cresud S.A.C.I.F. y A. by 7.1% in the 2nd quarter. 683 Capital Management LLC now owns 889,000 shares of the company's stock worth $9,566,000 after acquiring an additional 59,000 shares during the period. Finally, Helikon Investments Ltd lifted its position in Cresud S.A.C.I.F. y A. by 21.3% in the 2nd quarter. Helikon Investments Ltd now owns 395,181 shares of the company's stock valued at $4,252,000 after purchasing an additional 69,317 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.

Cresud S.A.C.I.F. y A. Company Profile

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.