Kopernik Global Investors LLC Increases Stock Holdings in Cresud S.A.C.I.F. y A. $CRESY

Kopernik Global Investors LLC raised its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 19.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,392,876 shares of the company’s stock after acquiring an additional 396,741 shares during the period. Cresud S.A.C.I.F. y A. comprises approximately 2.8% of Kopernik Global Investors LLC’s investment portfolio, making the stock its 12th largest holding. Kopernik Global Investors LLC owned 3.90% of Cresud S.A.C.I.F. y A. worth $25,747,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Helikon Investments Ltd boosted its holdings in Cresud S.A.C.I.F. y A. by 21.3% during the second quarter. Helikon Investments Ltd now owns 395,181 shares of the company’s stock worth $4,252,000 after purchasing an additional 69,317 shares during the last quarter. Meixler Investment Management Ltd. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 9.0% in the 2nd quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock worth $577,000 after buying an additional 4,446 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $124,000. Comprehensive Money Management Services LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 1.4% during the second quarter. Comprehensive Money Management Services LLC now owns 84,066 shares of the company’s stock valued at $905,000 after acquiring an additional 1,124 shares during the last quarter. Finally, Systrade AG lifted its holdings in Cresud S.A.C.I.F. y A. by 60.1% during the second quarter. Systrade AG now owns 280,063 shares of the company’s stock worth $3,013,000 after acquiring an additional 105,151 shares during the period. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Trading Up 3.1%

Shares of Cresud S.A.C.I.F. y A. stock opened at $11.68 on Thursday. The stock has a market capitalization of $737.94 million, a P/E ratio of 5.12 and a beta of 0.97. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.33. The stock’s 50-day simple moving average is $10.98 and its 200 day simple moving average is $10.74.

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

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

The business also recently announced an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were given 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 payout ratio is 26.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CRESY shares. Wall Street Zen lowered 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 restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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