683 Capital Management LLC Has $9.17 Million Stock Position in Cresud S.A.C.I.F. y A. $CRESY

Key Points

• 683 Capital Management LLC reduced its holdings in Cresud S.A.C.I.F. y A. by 6.2% in the first quarter, now owning approximately 1.37% of the company, worth about $9.17 million.
• Other institutional investors, like GMT Capital Corp and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have also adjusted their positions, indicating active interest in Cresud S.A.C.I.F. y A.
• Analyst ratings for Cresud have changed, with Wall Street Zen downgrading the stock from a "buy" to a "hold" rating recently.

683 Capital Management LLC reduced its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 830,000 shares of the company's stock after selling 55,000 shares during the quarter. 683 Capital Management LLC owned about 1.37% of Cresud S.A.C.I.F. y A. worth $9,172,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GMT Capital Corp bought a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter worth about $11,342,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cresud S.A.C.I.F. y A. by 111.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock valued at $11,977,000 after acquiring an additional 499,295 shares during the last quarter. Glenorchy Capital Ltd increased its stake in shares of Cresud S.A.C.I.F. y A. by 24.2% in the 4th 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 during the last quarter. Systrade AG increased its stake in shares of Cresud S.A.C.I.F. y A. by 19.6% in the 1st quarter. Systrade AG now owns 174,912 shares of the company's stock valued at $1,933,000 after acquiring an additional 28,631 shares during the last quarter. Finally, Ping Capital Management Inc. increased its stake in shares of Cresud S.A.C.I.F. y A. by 10.5% in the 1st quarter. Ping Capital Management Inc. now owns 160,500 shares of the company's stock valued at $1,774,000 after acquiring an additional 15,200 shares during the last quarter. 12.90% of the stock is owned by institutional investors.

Cresud S.A.C.I.F. y A. Stock Down 0.2%

NASDAQ CRESY traded down $0.02 during trading hours on Friday, reaching $9.69. 264,163 shares of the company's stock were exchanged, compared to its average volume of 229,679. The company's 50-day moving average is $10.83 and its two-hundred day moving average is $11.01. Cresud S.A.C.I.F. y A. has a one year low of $8.29 and a one year high of $14.23. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.95 and a current ratio of 1.25. The company has a market capitalization of $595.06 million, a price-to-earnings ratio of 8.43 and a beta of 1.10.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its 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 return on equity of 4.92% and a net margin of 10.57%.The business had revenue of $198.10 million during the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen cut Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th.

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