The Manufacturers Life Insurance Company Sells 25,363 Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

The Manufacturers Life Insurance Company reduced its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Free Report) by 39.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,195 shares of the company's stock after selling 25,363 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria worth $495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at about $38,000. Meixler Investment Management Ltd. increased its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 4.3% during the fourth quarter. Meixler Investment Management Ltd. now owns 49,741 shares of the company's stock worth $628,000 after buying an additional 2,071 shares during the last quarter. Crocodile Capital Partners GmbH bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter valued at approximately $1,010,000. Ping Capital Management Inc. raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 26.3% in the fourth quarter. Ping Capital Management Inc. now owns 145,300 shares of the company's stock valued at $1,835,000 after buying an additional 30,300 shares during the period. Finally, Systrade AG acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter valued at approximately $1,848,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a "sell" rating to a "hold" rating in a research note on Thursday.

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

Shares of CRESY stock traded up $0.38 during midday trading on Monday, hitting $11.83. 273,118 shares of the company were exchanged, compared to its average volume of 206,174. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52 week low of $6.56 and a 52 week high of $14.23. The firm has a market capitalization of $715.77 million, a P/E ratio of -10.95 and a beta of 1.11. The firm's 50 day moving average price is $11.09 and its two-hundred day moving average price is $11.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.85 and a current ratio of 1.09.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.18 earnings per share 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 business had revenue of $189.16 million during 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.