Ping Capital Management Inc. lessened its holdings in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Free Report) by 24.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,800 shares of the company’s stock after selling 40,000 shares during the period. Ping Capital Management Inc. owned about 0.20% of Cresud S.A.C.I.F. y A. worth $1,111,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CRESY. GMT Capital Corp boosted its stake in shares of Cresud S.A.C.I.F. y A. by 52.9% in 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 period. Kopernik Global Investors LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 19.9% during the 2nd quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock valued at $25,747,000 after acquiring an additional 396,741 shares during the period. Systrade AG lifted its position in shares of Cresud S.A.C.I.F. y A. by 30.9% during the 3rd quarter. Systrade AG now owns 366,652 shares of the company’s stock valued at $3,373,000 after acquiring an additional 86,589 shares during the period. Helikon Investments Ltd grew its holdings in shares of Cresud S.A.C.I.F. y A. by 21.3% during the 2nd 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 in the last quarter. Finally, 683 Capital Management LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 7.1% in the second quarter. 683 Capital Management LLC now owns 889,000 shares of the company’s stock worth $9,566,000 after purchasing an additional 59,000 shares during the period. 12.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CRESY. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.
Cresud S.A.C.I.F. y A. Stock Performance
Cresud S.A.C.I.F. y A. stock opened at $12.62 on Friday. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $13.59. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $11.96 and its two-hundred day moving average price is $10.95. The stock has a market cap of $797.33 million, a PE ratio of 5.54 and a beta of 0.93.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last posted its earnings results on Tuesday, November 25th. The company reported $1.29 EPS 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. Shareholders 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 dividend payout ratio (DPR) is currently 26.75%.
Cresud S.A.C.I.F. y A. Profile
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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