Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading 3.7% Higher – Here’s What Happened

by · The Cerbat Gem

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) shares traded up 3.7% during mid-day trading on Monday . The company traded as high as $12.29 and last traded at $12.2680. 100,758 shares traded hands during trading, a decline of 59% from the average session volume of 243,444 shares. The stock had previously closed at $11.83.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Get Our Latest Stock Report on CRESY

Cresud S.A.C.I.F. y A. Stock Performance

The firm has a market capitalization of $788.85 million, a P/E ratio of 5.48 and a beta of 0.97. The company’s 50 day moving average is $11.60 and its 200-day moving average is $10.75. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The company reported $1.29 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 firm had revenue of $230.87 million during the quarter.

Cresud S.A.C.I.F. y A. Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were issued a $0.6293 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 531.0%. Cresud S.A.C.I.F. y A.’s dividend payout ratio is presently 26.32%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Large investors have recently modified their holdings of the company. Kopernik Global Investors LLC grew its position in Cresud S.A.C.I.F. y A. by 19.9% in the 2nd quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock valued at $25,747,000 after purchasing an additional 396,741 shares during the period. GMT Capital Corp grew its holdings in shares of Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock valued at $16,889,000 after buying an additional 543,213 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 9.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock valued at $11,474,000 after buying an additional 90,066 shares during the last quarter. 683 Capital Management LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 7.1% during the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after acquiring an additional 59,000 shares in the last quarter. Finally, VR Advisory Services Ltd raised its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% in the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after acquiring an additional 470,365 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.

Cresud S.A.C.I.F. y A. Company Profile

(Get Free Report)

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.

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