Wall Street Zen Downgrades Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) to Hold

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Cresud S.A.C.I.F. y A. Price Performance

Shares of Cresud S.A.C.I.F. y A. stock opened at $10.12 on Friday. The business has a 50 day simple moving average of $10.93 and a two-hundred day simple moving average of $11.06. Cresud S.A.C.I.F. y A. has a 12 month low of $7.70 and a 12 month high of $14.23. The stock has a market capitalization of $621.47 million, a P/E ratio of 8.80 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.25 and a quick ratio of 0.95.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Cresud S.A.C.I.F. y A. by 942.7% in the first quarter. GAMMA Investing LLC now owns 67,272 shares of the company’s stock valued at $743,000 after purchasing an additional 60,820 shares during the last quarter. Systrade AG increased its holdings in shares of Cresud S.A.C.I.F. y A. by 19.6% in the first quarter. Systrade AG now owns 174,912 shares of the company’s stock valued at $1,933,000 after purchasing an additional 28,631 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the fourth quarter valued at approximately $966,000. Glenorchy Capital Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 24.2% in the fourth quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company’s stock valued at $4,435,000 after purchasing an additional 68,442 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 12.90% 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, 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.