Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Free Report) by 71.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,059 shares of the company's stock after selling 70,670 shares during the period. Millennium Management LLC's holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CRESY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 111.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock valued at $11,977,000 after buying an additional 499,295 shares during the last quarter. Glenorchy Capital Ltd increased its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 24.2% during the 4th quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock valued at $4,435,000 after purchasing an additional 68,442 shares in the last quarter. 683 Capital Management LLC grew its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 5.2% during the fourth quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock valued at $11,178,000 after buying an additional 44,000 shares during the last quarter. Bank of America Corp DE increased its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after acquiring an additional 6,679 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter worth $38,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "sell" rating to a "hold" rating in a report on Thursday, May 15th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

NASDAQ CRESY traded down $0.45 on Friday, hitting $10.62. 313,016 shares of the company's stock traded hands, compared to its average volume of 208,626. The firm's 50-day moving average price is $11.40 and its two-hundred day moving average price is $11.79. The firm has a market capitalization of $642.56 million, a PE ratio of -9.83 and a beta of 1.13. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1-year low of $6.56 and a 1-year high of $14.23.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.18 EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.40% and a negative net margin of 5.78%. The firm had revenue of $189.16 million for the quarter.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.