Cresud S.A.C.I.F. y A. $CRESY Stake Lifted by GMT Capital Corp

GMT Capital Corp increased its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 52.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,569,608 shares of the company’s stock after purchasing an additional 543,213 shares during the period. Cresud S.A.C.I.F. y A. accounts for about 0.7% of GMT Capital Corp’s investment portfolio, making the stock its 22nd largest holding. GMT Capital Corp owned 2.56% of Cresud S.A.C.I.F. y A. worth $16,889,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $25,000. Bank of America Corp DE boosted its stake in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter worth about $124,000. Cubist Systematic Strategies LLC acquired a new position in Cresud S.A.C.I.F. y A. during the first quarter worth about $333,000. Finally, Meixler Investment Management Ltd. raised its position in Cresud S.A.C.I.F. y A. by 9.0% in the second quarter. Meixler Investment Management Ltd. now owns 53,647 shares of the company’s stock worth $577,000 after acquiring an additional 4,446 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. Trading Up 2.3%

Shares of CRESY opened at $11.83 on Friday. The business’s 50-day moving average price is $11.07 and its 200 day moving average price is $10.74. The company has a current ratio of 1.33, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $747.42 million, a P/E ratio of 5.19 and a beta of 0.97. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.11.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Tuesday, November 25th. The company reported $1.29 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 18.98% and a return on equity of 8.12%. The company had revenue of $230.87 million during the quarter.

Cresud S.A.C.I.F. y A. Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were given a $0.6293 dividend. This represents a dividend yield of 531.0%. The ex-dividend date was Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio is 26.75%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRESY shares. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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

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.