Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a sell rating to a hold rating in a research note published on Tuesday morning, BidAskClub reports.

Separately, TheStreet cut shares of Cresud S.A.C.I.F. y A. from a c rating to a d- rating in a research note on Tuesday, November 19th.

CRESY opened at $5.39 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.62 and a debt-to-equity ratio of 3.12. Cresud S.A.C.I.F. y A. has a one year low of $4.06 and a one year high of $14.00. The business’s 50-day simple moving average is $4.98 and its 200-day simple moving average is $7.64.

Institutional investors and hedge funds have recently made changes to their positions in the business. A.R.T. Advisors LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $110,000. Vanguard Group Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $120,000. Gould Asset Management LLC CA acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $130,000. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Cresud S.A.C.I.F. y A. by 25.0% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 25,000 shares of the company’s stock valued at $148,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Paloma Partners Management Co lifted its stake in shares of Cresud S.A.C.I.F. y A. by 61.6% in the 2nd quarter. Paloma Partners Management Co now owns 16,259 shares of the company’s stock valued at $170,000 after purchasing an additional 6,200 shares in the last quarter. 22.32% of the stock is currently owned by institutional investors.

About Cresud S.A.C.I.F. y A.

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.

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