Russell Investments Group Ltd. Grows Holdings in Cresud S.A.C.I.F. y A. (CRESY)

Russell Investments Group Ltd. grew its position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 19.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 672,450 shares of the company’s stock after acquiring an additional 110,299 shares during the quarter. Russell Investments Group Ltd. owned 1.33% of Cresud S.A.C.I.F. y A. worth $12,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 46.7% in the 2nd quarter. Van ECK Associates Corp now owns 5,554 shares of the company’s stock worth $108,000 after purchasing an additional 1,767 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 78,288 shares of the company’s stock worth $1,571,000 after purchasing an additional 3,661 shares during the period. Stelac Advisory Services LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth approximately $103,000. Parkwood LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 15.9% in the 3rd quarter. Parkwood LLC now owns 40,138 shares of the company’s stock worth $749,000 after purchasing an additional 5,500 shares during the period. Finally, Tricadia Capital Management LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 8.0% in the 2nd quarter. Tricadia Capital Management LLC now owns 141,612 shares of the company’s stock worth $2,754,000 after purchasing an additional 10,500 shares during the period. 22.83% of the stock is currently owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. (NASDAQ CRESY) opened at $21.75 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.20 and a current ratio of 1.34. Cresud S.A.C.I.F. y A. has a 1-year low of $14.50 and a 1-year high of $23.69.

The business also recently announced an annual dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 13th were issued a $0.429 dividend. The ex-dividend date of this dividend was Friday, November 10th. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is -18.94%.

A number of brokerages have recently commented on CRESY. TheStreet upgraded Cresud S.A.C.I.F. y A. from a “d+” rating to a “c-” rating in a report on Tuesday, October 3rd. BidaskClub cut Cresud S.A.C.I.F. y A. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

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

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural company engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant.

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Institutional Ownership by Quarter for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

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