BidaskClub lowered shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a sell rating to a strong sell rating in a research report report published on Friday morning.
Shares of CRESY opened at $11.18 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.51 and a quick ratio of 1.35. Cresud S.A.C.I.F. y A. has a 12-month low of $10.74 and a 12-month high of $23.69.
A number of large investors have recently bought and sold shares of CRESY. Newfoundland Capital Management grew its position in Cresud S.A.C.I.F. y A. by 14.8% in the 2nd quarter. Newfoundland Capital Management now owns 4,560,616 shares of the company’s stock valued at $67,589,000 after buying an additional 588,091 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $1,992,000. City of London Investment Management Co. Ltd. purchased a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $918,000. Russell Investments Group Ltd. grew its position in Cresud S.A.C.I.F. y A. by 9.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 705,285 shares of the company’s stock valued at $10,524,000 after buying an additional 61,568 shares during the last quarter. Finally, Bienville Capital Management LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth $667,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.
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 beef cattle for sale to meat processors 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.
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