GAMMA Investing LLC Boosts Position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

GAMMA Investing LLC raised its position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 942.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,272 shares of the company’s stock after acquiring an additional 60,820 shares during the quarter. GAMMA Investing LLC owned 0.11% of Cresud S.A.C.I.F. y A. worth $743,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in Cresud S.A.C.I.F. y A. in the fourth quarter valued at $38,000. Bank of America Corp DE increased its position in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares in the last quarter. Comprehensive Money Management Services LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the fourth quarter worth approximately $966,000. Glenorchy Capital Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 24.2% in the 4th quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company’s stock valued at $4,435,000 after purchasing an additional 68,442 shares during the period. Finally, 683 Capital Management LLC increased its holdings in shares of Cresud S.A.C.I.F. y A. by 5.2% in the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company’s stock valued at $11,178,000 after purchasing an additional 44,000 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. Trading Up 2.7%

Shares of Cresud S.A.C.I.F. y A. stock opened at $10.93 on Wednesday. The company’s fifty day simple moving average is $11.44 and its 200-day simple moving average is $11.77. The company has a market cap of $661.37 million, a price-to-earnings ratio of 9.50 and a beta of 1.13. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 0.43. Cresud S.A.C.I.F. y A. has a 1 year low of $6.56 and a 1 year high of $14.23.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a report on Thursday, May 15th.

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.