Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading 3% Higher – Time to Buy?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) were up 3% during trading on Thursday . The stock traded as high as $12.19 and last traded at $12.2820. Approximately 32,661 shares traded hands during trading, a decline of 88% from the average session volume of 263,629 shares. The stock had previously closed at $11.92.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 5.7%

The firm has a fifty day simple moving average of $11.13. The stock has a market capitalization of $795.82 million, a P/E ratio of 7.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%. The business had revenue of $231.08 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Van ECK Associates Corp boosted its stake in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after buying an additional 2,957 shares during the period. Bank of America Corp DE grew its position in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after buying an additional 6,679 shares in the last quarter. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the first quarter worth approximately $127,000. Finally, HRT Financial LP bought a new position in Cresud S.A.C.I.F. y A. during the 4th quarter worth $168,000. 12.90% of the stock is owned by institutional investors.

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.