Cresud S.A.C.I.F. y A. (CRESY) Downgraded by BidaskClub to Strong Sell

BidaskClub downgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a sell rating to a strong sell rating in a report released on Tuesday morning, BidAskClub reports.

Shares of NASDAQ:CRESY opened at $10.59 on Tuesday. Cresud S.A.C.I.F. y A. has a 12 month low of $10.67 and a 12 month high of $21.74. The company has a current ratio of 1.73, a quick ratio of 1.64 and a debt-to-equity ratio of 0.02.

A number of large investors have recently made changes to their positions in the stock. Raymond James & Associates grew its position in Cresud S.A.C.I.F. y A. by 1.6% during the 4th quarter. Raymond James & Associates now owns 52,527 shares of the company’s stock worth $638,000 after purchasing an additional 843 shares during the last quarter. Harbor Advisors LLC grew its position in Cresud S.A.C.I.F. y A. by 4.3% during the 4th quarter. Harbor Advisors LLC now owns 70,818 shares of the company’s stock worth $860,000 after purchasing an additional 2,916 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Cresud S.A.C.I.F. y A. by 6.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,765 shares of the company’s stock worth $1,492,000 after purchasing an additional 7,708 shares during the last quarter. Legal & General Group Plc purchased a new position in Cresud S.A.C.I.F. y A. during the 3rd quarter worth $110,000. Finally, Northern Trust Corp grew its position in Cresud S.A.C.I.F. y A. by 17.9% during the 4th quarter. Northern Trust Corp now owns 56,635 shares of the company’s stock worth $688,000 after purchasing an additional 8,604 shares during the last quarter. Hedge funds and other institutional investors own 30.58% of the company’s stock.

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

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 cattle for sale to slaughterhouses 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.

Read More: Special Dividends

Receive News & Ratings for Cresud S.A.C.I.F. y A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cresud S.A.C.I.F. y A. and related companies with MarketBeat.com's FREE daily email newsletter.