Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

NASDAQ:CRESY opened at $20.84 on Thursday. Cresud S.A.C.I.F. y A. has a 52-week low of $17.31 and a 52-week high of $23.69. The company has a current ratio of 1.50, a quick ratio of 1.35 and a debt-to-equity ratio of 2.16.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $4.93 earnings per share (EPS) for the quarter. The company had revenue of $1.36 billion during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 15.49% and a net margin of 5.58%.

A number of hedge funds have recently modified their holdings of CRESY. Opera Trading Capital lifted its stake in Cresud S.A.C.I.F. y A. by 7.6% during the fourth quarter. Opera Trading Capital now owns 70,460 shares of the company’s stock worth $1,556,000 after purchasing an additional 5,000 shares during the last quarter. Clarus Wealth Advisors bought a new stake in Cresud S.A.C.I.F. y A. during the fourth quarter worth about $229,000. Global X Management Co. LLC lifted its stake in Cresud S.A.C.I.F. y A. by 22.9% during the fourth quarter. Global X Management Co. LLC now owns 193,120 shares of the company’s stock worth $4,266,000 after purchasing an additional 36,047 shares during the last quarter. BlackRock Inc. lifted its stake in Cresud S.A.C.I.F. y A. by 23.3% during the fourth quarter. BlackRock Inc. now owns 226,360 shares of the company’s stock worth $5,000,000 after purchasing an additional 42,720 shares during the last quarter. Finally, Eaton Vance Management bought a new stake in Cresud S.A.C.I.F. y A. during the fourth quarter worth about $238,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

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

Cresud Sociedad AnĂ³nima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of beef cattle for sale to meat processors and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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