Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading 3% Higher – Time to Buy?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shot up 3% during trading on Thursday . The stock traded as high as $12.19 and last traded at $12.2820. Approximately 32,661 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 263,629 shares. The stock had previously closed at $11.92.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRESY. 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, May 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 3.7%

The firm’s fifty day simple moving average is $11.19. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $767.01 million, a PE ratio of 6.78 and a beta of 0.75.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. The company had revenue of $231.08 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several hedge funds have recently made changes to their positions in the business. Kopernik Global Investors LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after purchasing an additional 519,091 shares during the last quarter. VR Advisory Services Ltd raised its holdings in Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after buying an additional 470,365 shares during the period. Goldman Sachs Group Inc. lifted its position in Cresud S.A.C.I.F. y A. by 234.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after buying an additional 80,213 shares during the last quarter. Jane Street Group LLC lifted its position in Cresud S.A.C.I.F. y A. by 303.3% in the fourth quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock worth $1,063,000 after buying an additional 63,273 shares during the last quarter. Finally, OceanIQ Capital LLC bought a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $650,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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

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.