Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Releases Quarterly Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) announced its quarterly earnings results on Monday. The company reported $0.42 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $239.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

Cresud S.A.C.I.F. y A. Trading Up 3.2%

NASDAQ CRESY opened at $11.87 on Wednesday. The firm has a market capitalization of $749.99 million, a PE ratio of 10.32 and a beta of 1.07. The stock’s 50 day moving average is $9.92 and its 200 day moving average is $10.69. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.23. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.36.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE increased its position in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Sei Investments Co. grew its stake in shares of Cresud S.A.C.I.F. y A. by 66.2% in the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after acquiring an additional 39,488 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at $25,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. 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 Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus 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.