Weiss Ratings Reiterates "Hold (C-)" Rating for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY), indicating a cautious stance on the stock.
• The stock price of Cresud S.A.C.I.F. y A. fell 1.5% to $9.37, with trading volume below its average.
• Recent institutional investments include significant stake increases by GMT Capital Corp and Kopernik Global Investors LLC, reflecting ongoing interest despite the ratings.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Cresud S.A.C.I.F. y A. Stock Down 1.5%

CRESY stock traded down $0.14 during trading on Friday, reaching $9.37. 183,568 shares of the stock were exchanged, compared to its average volume of 264,211. The firm's 50 day moving average is $9.60 and its 200 day moving average is $10.65. The firm has a market cap of $575.41 million, a P/E ratio of 8.15 and a beta of 1.01. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.23.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $1.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.The firm had revenue of $198.10 million during the quarter.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GMT Capital Corp bought a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at approximately $11,342,000. Kopernik Global Investors LLC lifted its stake in Cresud S.A.C.I.F. y A. by 19.9% in the 2nd quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company's stock worth $25,747,000 after purchasing an additional 396,741 shares in the last quarter. Systrade AG lifted its stake in Cresud S.A.C.I.F. y A. by 60.1% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 valued at $11,474,000 after purchasing an additional 90,066 shares in the last quarter. Finally, Helikon Investments Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 21.3% in the second quarter. Helikon Investments Ltd now owns 395,181 shares of the company's stock worth $4,252,000 after purchasing an additional 69,317 shares during the period. Hedge funds and other institutional investors own 12.90% of the company's stock.

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.

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