StockNews.com Downgrades Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) to Sell

StockNews.com downgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) from a hold rating to a sell rating in a report released on Thursday.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Up 0.4 %

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock opened at $7.67 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.08 and a quick ratio of 0.80. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a one year low of $6.16 and a one year high of $10.75. The stock has a market capitalization of $455.14 million, a PE ratio of 3.97 and a beta of 1.18. The business’s fifty day moving average is $8.47 and its 200 day moving average is $8.76.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly earnings data on Friday, May 10th. The company reported ($1.05) EPS for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 13.46% and a return on equity of 4.79%. The business had revenue of $168.31 million for the quarter.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 10th were issued a $0.3826 dividend. The ex-dividend date was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio is 18.65%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Meixler Investment Management Ltd. raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 47.1% in the second quarter. Meixler Investment Management Ltd. now owns 43,777 shares of the company’s stock worth $360,000 after buying an additional 14,024 shares during the period. Russell Investments Group Ltd. raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the 1st quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock valued at $419,000 after purchasing an additional 14,652 shares during the period. Deuterium Capital Management LLC bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at approximately $92,000. Activest Wealth Management bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 1st quarter valued at approximately $35,000. Finally, Helikon Investments Ltd raised its stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% during the 1st quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock valued at $5,694,000 after purchasing an additional 76,113 shares during the period. Institutional investors own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Company Profile

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.