Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Up 7.6% – Still a Buy?

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) shot up 7.6% during trading on Tuesday . The company traded as high as $13.66 and last traded at $13.66. 129,422 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 225,546 shares. The stock had previously closed at $12.70.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

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

The company has a market cap of $749.05 million, a price-to-earnings ratio of -9.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85. The stock has a 50-day moving average price of $12.45 and a 200 day moving average price of $9.86.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Stockholders of record on Monday, December 2nd were given a dividend of $0.6096 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is currently -44.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRESY. GAMMA Investing LLC grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 238.3% in the fourth quarter. GAMMA Investing LLC now owns 6,452 shares of the company’s stock valued at $81,000 after purchasing an additional 4,545 shares in the last quarter. Truist Financial Corp bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $216,000. Meixler Investment Management Ltd. grew its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock valued at $412,000 after purchasing an additional 3,893 shares in the last quarter. Herr Investment Group LLC bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $821,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter valued at approximately $884,000. 12.90% of the stock is currently owned by institutional investors.

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.