MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Cresud S.A.C.I.F. y A. $CRESY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cresud S.A.C.I.F. y A. by 9.5%, owning about 1.72% of the company's stock worth $11.47 million as of the latest reporting period.
• Other institutional investors have also significantly increased their stakes, with some, like Bank of America Corp DE, growing their holdings by 464.8% during the last quarter.
• Cresud S.A.C.I.F. y A. reported earnings of $1.00 per share with a net margin of 10.57% for the quarter ending September 4th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 9.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,038,336 shares of the company's stock after purchasing an additional 90,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.72% of Cresud S.A.C.I.F. y A. worth $11,474,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CRESY. GMT Capital Corp acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 1st quarter worth $11,342,000. Comprehensive Money Management Services LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 4th quarter worth $966,000. GAMMA Investing LLC lifted its stake in shares of Cresud S.A.C.I.F. y A. by 942.7% in the 1st 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. Cubist Systematic Strategies LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 1st quarter worth $333,000. Finally, Systrade AG lifted its stake in shares of Cresud S.A.C.I.F. y A. by 19.6% in the 1st quarter. Systrade AG now owns 174,912 shares of the company's stock worth $1,933,000 after acquiring an additional 28,631 shares during the period. Institutional investors and hedge funds own 12.90% of the company's stock.

Cresud S.A.C.I.F. y A. Price Performance

Shares of NASDAQ CRESY traded up $0.04 during midday trading on Monday, hitting $8.56. The company had a trading volume of 53,105 shares, compared to its average volume of 224,062. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.23. The business has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $10.95. The firm has a market capitalization of $525.61 million, a price-to-earnings ratio of 7.43 and a beta of 1.10.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported $1.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.57% and a return on equity of 4.92%. The firm had revenue of $198.10 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Monday.

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.