MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position 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. grew its position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,038,336 shares of the company's stock after acquiring an additional 90,066 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.72% of Cresud S.A.C.I.F. y A. worth $11,474,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GMT Capital Corp acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at approximately $11,342,000. Systrade AG raised its stake in shares of Cresud S.A.C.I.F. y A. by 19.6% during the first quarter. Systrade AG now owns 174,912 shares of the company's stock worth $1,933,000 after purchasing an additional 28,631 shares during the last quarter. Ping Capital Management Inc. raised its stake in shares of Cresud S.A.C.I.F. y A. by 10.5% during the first quarter. Ping Capital Management Inc. now owns 160,500 shares of the company's stock worth $1,774,000 after purchasing an additional 15,200 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cresud S.A.C.I.F. y A. by 6.8% during the first quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company's stock worth $1,186,000 after purchasing an additional 6,837 shares during the last quarter. Finally, Comprehensive Money Management Services LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 8.5% during the first quarter. Comprehensive Money Management Services LLC now owns 82,942 shares of the company's stock worth $917,000 after purchasing an additional 6,486 shares during the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

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

NASDAQ:CRESY traded down $0.32 during trading hours on Friday, hitting $8.52. The company's stock had a trading volume of 353,338 shares, compared to its average volume of 314,285. The business's 50-day moving average is $10.62 and its two-hundred day moving average is $10.94. The company has a market capitalization of $523.21 million, a PE ratio of 7.41 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.95 and a current ratio of 1.25. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.23.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th.

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