Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Trading 4.5% Higher – Here’s What Happened

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) rose 4.5% during trading on Thursday . The stock traded as high as $11.85 and last traded at $11.85. Approximately 52,895 shares changed hands during trading, a decline of 77% from the average daily volume of 225,590 shares. The stock had previously closed at $11.33.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

The company has a market cap of $702.72 million, a PE ratio of -10.78 and a beta of 1.11. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.09 and a quick ratio of 0.85. The stock’s 50-day moving average is $11.45 and its 200 day moving average is $11.10.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.40% and a negative net margin of 5.78%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 111.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company’s stock valued at $11,977,000 after buying an additional 499,295 shares during the last quarter. 683 Capital Management LLC boosted its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 5.2% in the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company’s stock valued at $11,178,000 after acquiring an additional 44,000 shares during the last quarter. Glenorchy Capital Ltd increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 24.2% in the fourth quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company’s stock worth $4,435,000 after acquiring an additional 68,442 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 52.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 163,400 shares of the company’s stock worth $1,421,000 after purchasing an additional 55,900 shares during the last quarter. Finally, Systrade AG acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at $1,848,000. 12.90% of the stock is owned by institutional investors and hedge funds.

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.