BidaskClub Upgrades Cresud S.A.C.I.F. y A. (CRESY) to “Hold”

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Shares of NASDAQ:CRESY opened at $12.04 on Wednesday. Cresud S.A.C.I.F. y A. has a 12-month low of $10.74 and a 12-month high of $22.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.64.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Monday, November 12th. The company reported $1.33 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 0.85% and a net margin of 6.69%. The company had revenue of $421.53 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRESY. Russell Investments Group Ltd. raised its position in shares of Cresud S.A.C.I.F. y A. by 9.6% in the second quarter. Russell Investments Group Ltd. now owns 705,285 shares of the company’s stock valued at $10,524,000 after buying an additional 61,568 shares in the last quarter. Bienville Capital Management LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $667,000. Newfoundland Capital Management raised its position in shares of Cresud S.A.C.I.F. y A. by 14.8% in the second quarter. Newfoundland Capital Management now owns 4,560,616 shares of the company’s stock valued at $67,589,000 after buying an additional 588,091 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $1,992,000. Finally, City of London Investment Management Co. Ltd. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $918,000. Institutional investors own 26.30% of the company’s stock.

About Cresud S.A.C.I.F. y A.

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of beef cattle for sale to meat processors and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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