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

Key Points

• Wall Street Zen has upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating, indicating a positive outlook on the company's performance.
• Cresud reported earnings of $1.00 per share for the last quarter, along with revenue of $198.10 million.
• Institutional investors have significantly increased their stakes in Cresud, with notable acquisitions from firms like Raymond James Financial Inc. and Bank of America Corp DE.

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 note published on Sunday morning.

Cresud S.A.C.I.F. y A. Stock Down 3.6%

Cresud S.A.C.I.F. y A. stock traded down $0.32 on Friday, hitting $8.52. 353,338 shares of the stock traded hands, compared to its average volume of 314,285. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.23. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43. The business's fifty day simple moving average is $10.62 and its 200 day simple moving average is $10.94. The firm has a market cap of $523.19 million, a P/E ratio of 7.41 and a beta of 1.10.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRESY. Tower Research Capital LLC TRC bought a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter valued at approximately $38,000. Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 6,679 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cresud S.A.C.I.F. y A. by 111.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company's stock valued at $11,977,000 after acquiring an additional 499,295 shares during the last quarter. Comprehensive Money Management Services LLC purchased a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter valued at $966,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 942.7% in the 1st quarter. GAMMA Investing LLC now owns 67,272 shares of the company's stock worth $743,000 after acquiring an additional 60,820 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.

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