Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Sold by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd reduced its stake in Cresud S.A.C.I.F. y A. by 28.7%, selling 130,912 shares to hold 325,864 shares in total, now constituting 0.3% of its investment portfolio.
• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cresud by 111.2%, acquiring an additional 499,295 shares, bringing its total to 948,270 shares valued at approximately $11.98 million.
• Shares of Cresud traded at $10.97, with a 12-month high of $14.23 and a market cap of $673.67 million, following recent upgrades from analysts from "hold" to "buy".

Helikon Investments Ltd cut its stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 28.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 325,864 shares of the company's stock after selling 130,912 shares during the period. Cresud S.A.C.I.F. y A. makes up about 0.3% of Helikon Investments Ltd's holdings, making the stock its 19th largest holding. Helikon Investments Ltd owned approximately 0.54% of Cresud S.A.C.I.F. y A. worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CRESY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cresud S.A.C.I.F. y A. by 111.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock worth $11,977,000 after acquiring an additional 499,295 shares during the period. Comprehensive Money Management Services LLC purchased a new position in Cresud S.A.C.I.F. y A. in the fourth quarter worth approximately $966,000. Glenorchy Capital Ltd grew its position in Cresud S.A.C.I.F. y A. by 24.2% in the fourth quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock worth $4,435,000 after acquiring an additional 68,442 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 60,820 shares during the period. Finally, 683 Capital Management LLC grew its position in Cresud S.A.C.I.F. y A. by 5.2% in the fourth quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock worth $11,178,000 after acquiring an additional 44,000 shares during the period. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Cresud S.A.C.I.F. y A. Trading Down 0.4%

NASDAQ:CRESY traded down $0.05 during trading hours on Wednesday, reaching $11.24. 73,783 shares of the stock were exchanged, compared to its average volume of 210,846. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $11.01 and a two-hundred day moving average of $11.21. Cresud S.A.C.I.F. y A. has a twelve month low of $7.54 and a twelve month high of $14.23. The company has a market capitalization of $690.46 million, a price-to-earnings ratio of 9.77 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th.

Cresud S.A.C.I.F. y A. Company 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.