Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Posts Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) issued its quarterly earnings data on Tuesday. The company reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 8.12% and a net margin of 18.98%.

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

Shares of Cresud S.A.C.I.F. y A. stock traded down $0.13 on Tuesday, reaching $12.55. 11,559 shares of the stock were exchanged, compared to its average volume of 237,790. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.33. The firm has a market cap of $792.91 million, a PE ratio of 5.50 and a beta of 0.93. The firm’s 50 day moving average is $12.28 and its 200-day moving average is $11.13. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21.

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

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRESY. VR Advisory Services Ltd grew its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after purchasing an additional 470,365 shares during the last quarter. Sei Investments Co. boosted its position in Cresud S.A.C.I.F. y A. by 18.4% during the 3rd quarter. Sei Investments Co. now owns 117,331 shares of the company’s stock worth $1,079,000 after buying an additional 18,215 shares during the period. Centiva Capital LP bought a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth approximately $163,000. Virtu Financial LLC acquired a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at approximately $144,000. Finally, PharVision Advisers LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the third quarter valued at $135,000. 12.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CRESY has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Monday, December 29th. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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

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.