StockNews.com Downgrades Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) to Sell

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

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

CRESY traded down $0.05 on Thursday, reaching $7.64. 211,049 shares of the stock were exchanged, compared to its average volume of 182,307. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.77. The firm has a market capitalization of $453.36 million, a PE ratio of 3.96 and a beta of 1.18. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a fifty-two week low of $6.16 and a fifty-two week high of $10.75.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last posted its quarterly earnings results on Friday, May 10th. The company reported ($1.05) earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 4.79% and a net margin of 13.46%. The business had revenue of $168.31 million for the quarter.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of institutional investors have recently modified their holdings of the business. Kopernik Global Investors LLC acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at $7,384,000. Helikon Investments Ltd lifted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% during the first quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock valued at $5,694,000 after purchasing an additional 76,113 shares in the last quarter. Glenorchy Capital Ltd acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter valued at about $1,770,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 42.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 168,852 shares of the company’s stock worth $1,601,000 after purchasing an additional 50,581 shares in the last quarter. Finally, Quadrature Capital Ltd increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% during the fourth quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock worth $1,020,000 after purchasing an additional 50,923 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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.