BidaskClub Downgrades Cresud S.A.C.I.F. y A. (CRESY) to Strong Sell

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet upgraded shares of Cresud S.A.C.I.F. y A. from a “d+” rating to a “c-” rating in a report on Tuesday, October 3rd.

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) opened at $21.55 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 2.50. Cresud S.A.C.I.F. y A. has a fifty-two week low of $16.45 and a fifty-two week high of $23.69.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.25 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 2.35% and a return on equity of 7.25%.

A number of institutional investors and hedge funds have recently made changes to their positions in CRESY. Van ECK Associates Corp grew its holdings in Cresud S.A.C.I.F. y A. by 46.7% in the second 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 period. Royal Bank of Canada grew its holdings in shares of Cresud S.A.C.I.F. y A. by 272,663.6% during the second quarter. Royal Bank of Canada now owns 30,004 shares of the company’s stock valued at $584,000 after buying an additional 29,993 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 1.3% during the second quarter. Macquarie Group Ltd. now owns 2,554,249 shares of the company’s stock valued at $49,684,000 after buying an additional 32,874 shares during the last quarter. Parkwood LLC grew its holdings in shares of Cresud S.A.C.I.F. y A. by 15.9% during the third quarter. Parkwood LLC now owns 40,138 shares of the company’s stock valued at $749,000 after buying an additional 5,500 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 19.6% during the third quarter. Russell Investments Group Ltd. now owns 672,450 shares of the company’s stock valued at $12,554,000 after buying an additional 110,299 shares during the last quarter. Institutional investors and hedge funds own 22.84% of the company’s stock.

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

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.

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