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 research report report published on Saturday.
Cresud S.A.C.I.F. y A. Stock Down 2.6%
Cresud S.A.C.I.F. y A. stock traded down $0.28 during midday trading on Friday, hitting $10.50. 288,316 shares of the company's stock were exchanged, compared to its average volume of 212,333. 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 12 month low of $6.56 and a 12 month high of $14.23. The firm has a 50-day moving average of $11.24 and a two-hundred day moving average of $11.48. The company has a market cap of $644.77 million, a PE ratio of 9.13 and a beta of 1.08.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.18 earnings per share (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%.
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 worth $11,474,000 after purchasing an additional 90,066 shares during the period. GMT Capital Corp acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $11,342,000. 683 Capital Management LLC grew its stake in shares of Cresud S.A.C.I.F. y A. by 5.2% during the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company's stock worth $11,178,000 after purchasing an additional 44,000 shares during the period. Glenorchy Capital Ltd grew its stake in shares of Cresud S.A.C.I.F. y A. by 24.2% during the 4th quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company's stock worth $4,435,000 after purchasing an additional 68,442 shares during the period. Finally, Systrade AG grew its stake in shares of Cresud S.A.C.I.F. y A. by 60.1% during the 2nd quarter. Systrade AG now owns 280,063 shares of the company's stock worth $3,013,000 after purchasing an additional 105,151 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. Company Profile
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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.
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