Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Lowered to Sell at BidaskClub

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

NASDAQ CRESY opened at $10.76 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $10.62. Cresud S.A.C.I.F. y A. has a 1 year low of $9.15 and a 1 year high of $17.61.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Wednesday, June 5th. The company reported ($1.14) earnings per share (EPS) for the quarter. The company had revenue of $497.22 million for the quarter.

A number of institutional investors have recently modified their holdings of the business. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth $116,000. Millennium Management LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth $159,000. Freestone Capital Holdings LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth $221,000. Legal & General Group Plc lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 231.4% during the fourth quarter. Legal & General Group Plc now owns 25,756 shares of the company’s stock worth $313,000 after purchasing an additional 17,984 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 1.6% during the fourth quarter. Raymond James & Associates now owns 52,527 shares of the company’s stock worth $638,000 after purchasing an additional 843 shares during the period. Hedge funds and other institutional investors own 31.77% of the company’s stock.

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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