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

A number of other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC acquired a new stake in Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $38,000. Ridgewood Investments LLC boosted its holdings in 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 valued at $56,000 after purchasing an additional 4,600 shares in the last quarter. Comprehensive Money Management Services LLC boosted its holdings in Cresud S.A.C.I.F. y A. by 8.5% during the first quarter. Comprehensive Money Management Services LLC now owns 82,942 shares of the company's stock valued at $917,000 after purchasing an additional 6,486 shares in the last quarter. Bank of America Corp DE boosted its holdings in 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 valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Cresud S.A.C.I.F. y A. by 6.8% during the first quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company's stock valued at $1,186,000 after purchasing an additional 6,837 shares in the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

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

Shares of NASDAQ:CRESY traded down $0.32 during trading on Friday, reaching $8.52. The stock had a trading volume of 353,338 shares, compared to its average volume of 314,285. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.23. The business's 50-day moving average price is $10.62 and its 200 day moving average price is $10.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.95. The stock has a market capitalization of $523.19 million, a PE ratio of 7.41 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 net margin of 10.57% and a return on equity of 4.92%. The company had revenue of $198.10 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a report on Sunday, September 7th.

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.