30,156 Shares in Cresud S.A.C.I.F. y A. $CRESY Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC invested approximately $333,000 in Cresud S.A.C.I.F. y A. by acquiring 30,156 shares in the 1st quarter.
• Multiple institutional investors, including Bank of America and Ridgewood Investments, have significantly increased their stakes in Cresud, indicating growing institutional interest.
• Wall Street analysts upgraded Cresud from a "hold" to a "buy" rating, suggesting positive expectations for the company's market performance.

Cubist Systematic Strategies LLC bought a new position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,156 shares of the company's stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter worth about $38,000. Ridgewood Investments LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 920.0% during the first 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 last quarter. Bank of America Corp DE raised its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth 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 last quarter. Deuterium Capital Management LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $114,000. Finally, GAMMA Investing LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 942.7% during the first quarter. GAMMA Investing LLC now owns 67,272 shares of the company's stock worth $743,000 after buying an additional 60,820 shares during the last quarter. 12.90% of the stock is owned by institutional investors.

Cresud S.A.C.I.F. y A. Trading Up 3.7%

Shares of CRESY stock traded up $0.33 on Wednesday, reaching $9.14. The company had a trading volume of 509,855 shares, compared to its average volume of 333,245. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The stock has a market cap of $561.29 million, a PE ratio of 7.95 and a beta of 1.10. The company has a 50-day moving average of $10.50 and a 200-day moving average of $10.90. Cresud S.A.C.I.F. y A. has a 12 month low of $8.39 and a 12 month high of $14.23.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported $1.00 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research report on Monday.

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.