Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Gap Down to $9.70

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.70, but opened at $9.33. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $9.55, with a volume of 46,779 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in a research note on Thursday, October 5th. They issued a “hold” rating on the stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 6.8 %

The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $7.38. The stock has a market cap of $536.42 million, a P/E ratio of 1.95 and a beta of 1.04.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly earnings data on Thursday, September 7th. The company reported $1.62 earnings per share (EPS) for the quarter. The firm had revenue of $346.58 million for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 14.19% and a net margin of 33.57%.

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Helikon Investments Ltd raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 39.0% in the 2nd quarter. Helikon Investments Ltd now owns 496,211 shares of the company’s stock valued at $3,836,000 after acquiring an additional 139,108 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 14.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,405 shares of the company’s stock valued at $1,160,000 after acquiring an additional 22,354 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 21.2% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,929 shares of the company’s stock valued at $966,000 after acquiring an additional 21,870 shares in the last quarter. Citigroup Inc. raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 79.5% in the 3rd quarter. Citigroup Inc. now owns 116,647 shares of the company’s stock valued at $780,000 after acquiring an additional 51,670 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 2.2% in the 2nd quarter. Sei Investments Co. now owns 93,681 shares of the company’s stock valued at $724,000 after purchasing an additional 2,020 shares during the last quarter. 10.58% of the stock is owned by institutional investors and hedge funds.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

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.