Mirae Asset Global Investments Co. Ltd. Increases Stock Holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

Mirae Asset Global Investments Co. Ltd. lifted its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,852 shares of the company’s stock after purchasing an additional 50,581 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.28% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria worth $1,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 14.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 173,405 shares of the company’s stock worth $1,160,000 after buying an additional 22,354 shares during the period. Citigroup Inc. boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 79.5% during the third quarter. Citigroup Inc. now owns 116,647 shares of the company’s stock worth $780,000 after buying an additional 51,670 shares during the period. Sei Investments Co. boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 2.2% during the second quarter. Sei Investments Co. now owns 93,681 shares of the company’s stock worth $724,000 after buying an additional 2,020 shares during the period. Millennium Management LLC purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth about $399,000. Finally, Quadrature Capital Ltd boosted its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 184.6% during the second quarter. Quadrature Capital Ltd now owns 63,198 shares of the company’s stock worth $489,000 after buying an additional 40,995 shares during the period. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Up 4.4 %

Shares of CRESY opened at $9.17 on Friday. The stock has a market capitalization of $544.14 million, a PE ratio of 2.58 and a beta of 1.17. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 1 year low of $5.51 and a 1 year high of $10.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.89 and a current ratio of 1.18. The company’s 50-day simple moving average is $8.53 and its 200-day simple moving average is $8.56.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.56) earnings per share (EPS) for the quarter. The business had revenue of $246.62 million for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a return on equity of 8.22% and a net margin of 24.32%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 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.