Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Upgraded to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) from a hold rating to a buy rating in a report published on Saturday.

Cresud S.A.C.I.F. y A. Stock Up 2.9%

Shares of NASDAQ CRESY traded up $0.31 on Friday, reaching $10.82. 148,281 shares of the company's stock traded hands, compared to its average volume of 212,018. Cresud S.A.C.I.F. y A. has a 12 month low of $6.56 and a 12 month high of $14.23. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 0.43. The business's 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.45. The company has a market cap of $664.15 million, a price-to-earnings ratio of 9.42 and a beta of 1.08.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.18 EPS for the quarter. The company had revenue of $189.16 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 10.10% and a return on equity of 4.42%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Systrade AG lifted its stake in Cresud S.A.C.I.F. y A. by 60.1% in the second quarter. Systrade AG now owns 280,063 shares of the company's stock valued at $3,013,000 after buying an additional 105,151 shares during the period. Crocodile Capital Partners GmbH lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 78.2% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 142,563 shares of the company's stock worth $1,534,000 after acquiring an additional 62,563 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cresud S.A.C.I.F. y A. by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company's stock valued at $11,474,000 after purchasing an additional 90,066 shares during the period. Cubist Systematic Strategies LLC bought a new position in Cresud S.A.C.I.F. y A. in the 1st quarter worth about $333,000. Finally, GMT Capital Corp bought a new position in Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $11,342,000. 12.90% of the stock is owned by institutional investors.

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

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.