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

Millennium Management LLC decreased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,059 shares of the company's stock after selling 70,670 shares during the quarter. Millennium Management LLC's holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria were worth $354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter worth $38,000. Bank of America Corp DE grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after acquiring an additional 6,679 shares in the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 4.3% in the fourth quarter. Meixler Investment Management Ltd. now owns 49,741 shares of the company's stock worth $628,000 after acquiring an additional 2,071 shares in the last quarter. Glenorchy Capital Ltd grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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 in the last quarter. Finally, 683 Capital Management LLC grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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 in the last quarter. Hedge funds and other institutional investors own 12.90% of the company's stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 2.6%

Shares of CRESY stock traded up $0.28 on Thursday, reaching $11.07. 201,441 shares of the stock were exchanged, compared to its average volume of 207,988. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30. The business's 50 day moving average price is $11.36 and its 200 day moving average price is $11.81. The company has a market capitalization of $669.79 million, a price-to-earnings ratio of -10.25 and a beta of 1.13. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.56 and a twelve month high of $14.23.

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th.

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.