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

Cresud S.A.C.I.F. y A. logo with Consumer Staples background

Key Points

  • Cresud S.A.C.I.F. y A. has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating, indicating a change in investor sentiment.
  • The company's stock is currently priced at $8.52 after experiencing a 3.6% decline.
  • Institutional investors are increasingly buying into Cresud, with notable acquisitions by firms like Ridgewood Investments and Bank of America Corp DE, which indicate growing interest in the stock.
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Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Monday.

Cresud S.A.C.I.F. y A. Trading Up 1.4%

NASDAQ CRESY traded up $0.12 on Monday, hitting $8.85. 427,204 shares of the company were exchanged, compared to its average volume of 371,294. The company's 50 day moving average price is $10.43 and its 200-day moving average price is $10.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.95. The firm has a market capitalization of $543.48 million, a P/E ratio of 7.70 and a beta of 1.10. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.23.

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

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Ridgewood Investments LLC raised its holdings in Cresud S.A.C.I.F. y A. by 920.0% during the 1st quarter. Ridgewood Investments LLC now owns 5,100 shares of the company's stock worth $56,000 after buying an additional 4,600 shares during the period. Bank of America Corp DE raised its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after buying an additional 6,679 shares during the period. Deuterium Capital Management LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at about $114,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 12.90% of the company's stock.

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

(Get Free Report)

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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