Cresud S.A.C.I.F. y A. $CRESY Shares Purchased by Crocodile Capital Partners GmbH

Key Points

• Crocodile Capital Partners GmbH increased its holdings in Cresud S.A.C.I.F. y A. by 78.2% during the second quarter, owning 142,563 shares valued at approximately $1.53 million.
• Several other institutional investors, including Bank of America Corp DE and GAMMA Investing LLC, have also significantly increased their positions in Cresud, indicating growing interest in the stock.
• Wall Street analysts have adjusted their outlook on Cresud, lowering its rating from "buy" to "hold", reflecting a more cautious perspective on the company's stock performance.

Crocodile Capital Partners GmbH grew its holdings in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 78.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,563 shares of the company's stock after purchasing an additional 62,563 shares during the quarter. Cresud S.A.C.I.F. y A. comprises about 2.6% of Crocodile Capital Partners GmbH's investment portfolio, making the stock its 6th biggest position. Crocodile Capital Partners GmbH owned approximately 0.23% of Cresud S.A.C.I.F. y A. worth $1,534,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRESY. 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 worth $56,000 after purchasing an additional 4,600 shares during the last quarter. 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 worth $103,000 after purchasing an additional 6,679 shares during the last quarter. Deuterium Capital Management LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter worth $114,000. Cubist Systematic Strategies LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter worth $333,000. Finally, GAMMA Investing LLC grew its position in Cresud S.A.C.I.F. y A. by 942.7% in the 1st 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 last quarter. Institutional investors own 12.90% of the company's stock.

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

CRESY stock traded up $0.12 during trading on Friday, hitting $8.85. 427,204 shares of the stock traded hands, compared to its average volume of 371,294. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.23. The stock has a market cap of $543.48 million, a price-to-earnings ratio of 7.70 and a beta of 1.10. The company has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.88. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced 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 10.57% and a return on equity of 4.65%. The firm had revenue of $198.10 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of 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.