Helikon Investments Ltd Sells 130,912 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

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 reduced its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 28.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,864 shares of the company's stock after selling 130,912 shares during the quarter. Cresud S.A.C.I.F. y A. makes up about 0.3% of Helikon Investments Ltd's holdings, making the stock its 19th biggest holding. Helikon Investments Ltd owned about 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.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $38,000. 683 Capital Management LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 5.2% during 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 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 period. Glenorchy Capital Ltd grew its holdings in shares of 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Cresud S.A.C.I.F. y A. by 111.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock valued at $11,977,000 after purchasing an additional 499,295 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.

Cresud S.A.C.I.F. y A. Trading Up 0.5%

Shares of Cresud S.A.C.I.F. y A. stock traded up $0.06 during trading on Tuesday, hitting $11.29. The stock had a trading volume of 124,333 shares, compared to its average volume of 211,804. 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 firm's fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.21. Cresud S.A.C.I.F. y A. has a 12 month low of $7.54 and a 12 month high of $14.23. The stock has a market cap of $693.32 million, a PE ratio of 9.82 and a beta of 1.03.

Analyst Ratings Changes

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

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.