Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Upgraded at StockNews.com

StockNews.com upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) from a sell rating to a hold rating in a research report report published on Friday morning.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 2.6 %

CRESY opened at $7.36 on Friday. The firm’s fifty day moving average is $8.25 and its two-hundred day moving average is $8.71. The firm has a market cap of $436.74 million, a PE ratio of 3.81 and a beta of 1.18. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.16 and a twelve month high of $10.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.80 and a current ratio of 1.08.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last announced 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 during the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 10th were paid a dividend of $0.3826 per share. The ex-dividend date of this dividend was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is currently 18.65%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenorchy Capital Ltd acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at approximately $1,770,000. Meixler Investment Management Ltd. acquired a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the fourth quarter valued at $173,000. Kopernik Global Investors LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 4th quarter worth about $7,384,000. Jump Financial LLC raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 237.1% in the 4th quarter. Jump Financial LLC now owns 55,620 shares of the company’s stock valued at $527,000 after purchasing an additional 39,120 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the 4th quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after purchasing an additional 50,923 shares during the last quarter. 12.90% of the stock is owned by institutional investors.

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

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.