Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a report issued on Tuesday.

Separately, BidaskClub lowered shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

Cresud S.A.C.I.F. y A. (NASDAQ CRESY) traded down 0.63% during trading on Tuesday, hitting $18.97. 45,039 shares of the company traded hands. The firm has a 50 day moving average of $19.10 and a 200 day moving average of $19.55. Cresud S.A.C.I.F. y A. has a one year low of $13.59 and a one year high of $22.28.

TRADEMARK VIOLATION WARNING: “Cresud S.A.C.I.F. y A. (CRESY) Rating Increased to C- at TheStreet” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/05/cresud-s-a-c-i-f-y-a-cresy-rating-increased-to-c-at-thestreet.html.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Cresud S.A.C.I.F. y A. by 46.7% during the 2nd quarter. Van ECK Associates Corp now owns 5,554 shares of the company’s stock worth $108,000 after purchasing an additional 1,767 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Cresud S.A.C.I.F. y A. by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 78,288 shares of the company’s stock valued at $1,571,000 after buying an additional 3,661 shares during the last quarter. Stelac Advisory Services LLC acquired a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $103,000. Parkwood LLC grew its stake in Cresud S.A.C.I.F. y A. by 18.9% in the 2nd quarter. Parkwood LLC now owns 34,638 shares of the company’s stock valued at $674,000 after buying an additional 5,500 shares during the last quarter. Finally, Tricadia Capital Management LLC grew its stake in Cresud S.A.C.I.F. y A. by 8.0% in the 2nd quarter. Tricadia Capital Management LLC now owns 141,612 shares of the company’s stock valued at $2,754,000 after buying an additional 10,500 shares during the last quarter. Institutional investors own 24.90% of the company’s stock.

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.

Receive News & Ratings for Cresud S.A.C.I.F. y A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cresud S.A.C.I.F. y A. and related companies with MarketBeat.com's FREE daily email newsletter.