GAMMA Investing LLC boosted its holdings in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 942.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,272 shares of the company's stock after purchasing an additional 60,820 shares during the period. GAMMA Investing LLC owned about 0.11% of Cresud S.A.C.I.F. y A. worth $743,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in CRESY. Tower Research Capital LLC TRC bought a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at $38,000. Bank of America Corp DE grew its position in Cresud S.A.C.I.F. y A. by 464.8% in 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. Comprehensive Money Management Services LLC bought a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at $966,000. Glenorchy Capital Ltd grew its position 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 period. Finally, 683 Capital Management LLC grew its position in shares of Cresud S.A.C.I.F. y A. by 5.2% in the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock valued at $11,178,000 after acquiring an additional 44,000 shares during the period. Institutional investors own 12.90% of the company's stock.
Cresud S.A.C.I.F. y A. Stock Performance
Shares of CRESY traded down $0.21 during midday trading on Friday, reaching $10.66. The stock had a trading volume of 172,904 shares, compared to its average volume of 209,117. The firm has a 50 day simple moving average of $11.48 and a 200-day simple moving average of $11.73. Cresud S.A.C.I.F. y A. has a one year low of $6.56 and a one year high of $14.23. The firm has a market cap of $645.04 million, a PE ratio of 9.27 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.18 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.10% and a return on equity of 4.42%. The company had revenue of $189.16 million during the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th.
Get Our Latest Research Report on CRESY
Cresud S.A.C.I.F. y A. Profile
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Free Report)
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.
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