Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Up 3.7% – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) traded up 3.7% during mid-day trading on Monday . The stock traded as high as $12.29 and last traded at $12.2680. 100,758 shares changed hands during trading, a decline of 59% from the average session volume of 243,444 shares. The stock had previously closed at $11.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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

The company has a market capitalization of $762.58 million, a PE ratio of 5.30 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The business has a 50 day simple moving average of $11.48 and a 200 day simple moving average of $10.72.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Tuesday, November 25th. The company reported $1.29 earnings per share (EPS) for the quarter. The firm had revenue of $230.87 million during 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%.

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

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

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

A number of hedge funds have recently modified their holdings of the company. GMT Capital Corp raised its stake in Cresud S.A.C.I.F. y A. by 52.9% during the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock worth $16,889,000 after purchasing an additional 543,213 shares during the period. VR Advisory Services Ltd raised its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after buying an additional 470,365 shares during the period. Kopernik Global Investors LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 19.9% in the second quarter. Kopernik Global Investors LLC now owns 2,392,876 shares of the company’s stock valued at $25,747,000 after acquiring an additional 396,741 shares during the last quarter. Systrade AG lifted its holdings in Cresud S.A.C.I.F. y A. by 60.1% in the second quarter. Systrade AG now owns 280,063 shares of the company’s stock valued at $3,013,000 after acquiring an additional 105,151 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cresud S.A.C.I.F. y A. by 9.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock worth $11,474,000 after acquiring an additional 90,066 shares during the period. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.