Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading Up 3% - Here's Why

Key Points

• Cresud shares rose 3% to about $12.28 during Thursday trading, although volume was 88% below the average daily level.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “Hold,” Weiss Ratings maintained a “Hold (C)” rating, and the consensus rating is “Hold.”
• The company reported quarterly EPS of $1.14 on $231.08 million in revenue, with a 12.93% net margin; institutional investors own 12.9% of its shares.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report)'s share price shot up 3% during trading on Thursday . The company traded as high as $12.19 and last traded at $12.2820. 32,661 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 263,629 shares. The stock had previously closed at $11.92.

Wall Street Analyst Weigh In

Several research firms have commented on CRESY. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of "Hold".

Cresud S.A.C.I.F. y A. Stock Up 5.7%

The business's 50 day simple moving average is $11.13. The stock has a market cap of $795.82 million, a PE ratio of 7.06 and a beta of 0.75. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%. The company had revenue of $231.08 million for the quarter.

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Van ECK Associates Corp raised its stake in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock valued at $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE lifted its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares during the last quarter. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. during the first quarter worth $127,000. Finally, HRT Financial LP bought a new position in Cresud S.A.C.I.F. y A. during the fourth quarter worth $168,000. Institutional investors own 12.90% of the company's stock.

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

Cresud SAC.I.F. y A. NASDAQ: CRESY is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.