Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Lowered to Hold Rating by Wall Street Zen

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Tuesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 1.6%

Shares of Cresud S.A.C.I.F. y A. stock opened at $11.49 on Friday. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.23. The firm has a market capitalization of $725.94 million, a PE ratio of 5.04 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $10.85 and its 200-day moving average is $10.76.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Monday, November 10th. The company reported $0.42 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 18.98% and a return on equity of 8.12%. The business had revenue of $239.85 million for the quarter.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in 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 purchasing an additional 6,679 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Cresud S.A.C.I.F. y A. by 6.8% in the 1st quarter. Russell Investments Group Ltd. now owns 107,309 shares of the company’s stock valued at $1,186,000 after acquiring an additional 6,837 shares during the last quarter. GMT Capital Corp purchased a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $11,342,000. Cubist Systematic Strategies LLC purchased a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $333,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 acquiring an additional 90,066 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.

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.