Goldman Sachs Group Inc. raised its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,288 shares of the company’s stock after buying an additional 3,661 shares during the period. Goldman Sachs Group Inc. owned about 0.16% of Cresud S.A.C.I.F. y A. worth $1,571,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRESY. Tricadia Capital Management LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 10.3% in the first quarter. Tricadia Capital Management LLC now owns 131,112 shares of the company’s stock worth $2,631,000 after buying an additional 12,200 shares during the period. Parametric Portfolio Associates LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 39.2% in the first quarter. Parametric Portfolio Associates LLC now owns 171,063 shares of the company’s stock worth $3,433,000 after buying an additional 48,169 shares during the period. Dorsey Wright & Associates increased its position in shares of Cresud S.A.C.I.F. y A. by 44.2% in the first quarter. Dorsey Wright & Associates now owns 89,183 shares of the company’s stock worth $1,790,000 after buying an additional 27,347 shares during the period. Newfoundland Capital Management increased its position in shares of Cresud S.A.C.I.F. y A. by 61.2% in the first quarter. Newfoundland Capital Management now owns 1,370,280 shares of the company’s stock worth $27,642,000 after buying an additional 520,457 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Cresud S.A.C.I.F. y A. by 15.3% in the first quarter. Macquarie Group Ltd. now owns 2,521,375 shares of the company’s stock worth $50,605,000 after buying an additional 333,713 shares during the period. Hedge funds and other institutional investors own 24.33% of the company’s stock.

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) traded down 0.11% on Monday, hitting $18.03. 7,722 shares of the stock were exchanged. The company has a market cap of $901.50 million, a P/E ratio of 200.33 and a beta of 1.54. Cresud S.A.C.I.F. y A. has a 1-year low of $13.59 and a 1-year high of $22.28.

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Separately, BidaskClub downgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

Cresud S.A.C.I.F. y A. Company Profile

Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural company engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant.

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Institutional Ownership by Quarter for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

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