Systrade AG Purchases 105,151 Shares of Cresud S.A.C.I.F. y A. $CRESY

Key Points

• Systrade AG increased its holdings in Cresud S.A.C.I.F. y A. by 60.1% during the second quarter, owning a total of 280,063 shares valued at approximately $3 million.
• Other institutional investors have also significantly increased their stakes, with Ridgewood Investments LLC raising its investment by 920% in the first quarter.
• Despite these gains, Wall Street Zen has downgraded Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating.

Systrade AG boosted its position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 60.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 280,063 shares of the company's stock after purchasing an additional 105,151 shares during the period. Cresud S.A.C.I.F. y A. makes up about 3.4% of Systrade AG's portfolio, making the stock its 5th largest holding. Systrade AG owned 0.46% of Cresud S.A.C.I.F. y A. worth $3,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Cresud S.A.C.I.F. y A. by 942.7% in the first quarter. GAMMA Investing LLC now owns 67,272 shares of the company's stock worth $743,000 after purchasing an additional 60,820 shares during the period. GMT Capital Corp acquired a new stake in Cresud S.A.C.I.F. y A. in the first quarter worth approximately $11,342,000. Cubist Systematic Strategies LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the first quarter worth approximately $333,000. Comprehensive Money Management Services LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the fourth quarter worth approximately $966,000. Finally, Crocodile Capital Partners GmbH lifted its position in Cresud S.A.C.I.F. y A. by 78.2% in the second quarter. Crocodile Capital Partners GmbH now owns 142,563 shares of the company's stock worth $1,534,000 after purchasing an additional 62,563 shares during the period. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ:CRESY traded up $0.12 on Friday, reaching $8.85. 427,204 shares of the company traded hands, compared to its average volume of 371,294. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.23. The company's 50 day moving average is $10.43 and its 200-day moving average is $10.88. The stock has a market capitalization of $543.48 million, a PE ratio of 7.70 and a beta of 1.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.95.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $1.00 EPS 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%.The company had revenue of $198.10 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research report on Monday, September 15th.

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.