Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 3.1 %

Shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock opened at $10.26 on Tuesday. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 12-month low of $6.56 and a 12-month high of $10.75. The stock has a market capitalization of $614.16 million, a P/E ratio of -7.77 and a beta of 1.10. The company has a 50-day simple moving average of $9.12 and a 200 day simple moving average of $8.73. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.30.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last posted its earnings results on Thursday, September 5th. The company reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $294.43 million during the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.78%.

Institutional Trading of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of hedge funds and other institutional investors have recently modified their holdings of CRESY. Meixler Investment Management Ltd. boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 8.9% in the third quarter. Meixler Investment Management Ltd. now owns 47,670 shares of the company’s stock valued at $412,000 after acquiring an additional 3,893 shares during the last quarter. Anson Capital Inc. bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 2nd quarter valued at about $97,000. Russell Investments Group Ltd. grew its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the 1st quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after buying an additional 14,652 shares during the period. Truist Financial Corp acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $216,000. Finally, Glenorchy Capital Ltd raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% during the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock worth $2,443,000 after buying an additional 68,606 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

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.