Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Up 7.4% - Still a Buy?

Key Points

• Cresud S.A.C.I.F. y A. shares rose 7.4% to $10.14, but the trading volume was down 35% compared to its average.
• Analysts have generally rated the stock as a Hold, with Weiss Ratings reaffirming a "hold" and Wall Street Zen downgrading from "buy".
• The company reported quarterly earnings of $1.00 per share with a net margin of 10.57% and a return on equity of 4.65%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) shares shot up 7.4% during mid-day trading on Thursday . The stock traded as high as $10.12 and last traded at $10.14. 153,284 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 234,764 shares. The stock had previously closed at $9.44.

Analysts Set New Price Targets

Several research firms recently issued reports on CRESY. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. currently has an average rating of "Hold".

Cresud S.A.C.I.F. y A. Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 1.24. The stock's fifty day moving average is $9.95 and its two-hundred day moving average is $10.76. The firm has a market cap of $617.78 million, a price-to-earnings ratio of 8.75 and a beta of 1.01.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $1.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.57% and a return on equity of 4.65%. The business had revenue of $198.10 million for the quarter.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comprehensive Money Management Services LLC grew its position in Cresud S.A.C.I.F. y A. by 1.4% in the 2nd quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company's stock valued at $905,000 after buying an additional 1,124 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $25,000. Meixler Investment Management Ltd. grew its position in Cresud S.A.C.I.F. y A. by 9.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company's stock valued at $577,000 after buying an additional 4,446 shares in the last quarter. Ridgewood Investments LLC grew its position in Cresud S.A.C.I.F. y A. by 920.0% in the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock valued at $56,000 after buying an additional 4,600 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. 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.

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