Global X Management Co. LLC boosted its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 19.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 185,483 shares of the company’s stock after buying an additional 29,941 shares during the period. Global X Management Co. LLC’s holdings in Cresud S.A.C.I.F. y A. were worth $3,608,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Levin Capital Strategies L.P. raised its stake in shares of Cresud S.A.C.I.F. y A. by 31.1% in the first quarter. Levin Capital Strategies L.P. now owns 27,384 shares of the company’s stock worth $550,000 after buying an additional 6,500 shares in the last quarter. Parkwood LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 18.9% in the second quarter. Parkwood LLC now owns 34,638 shares of the company’s stock worth $674,000 after buying an additional 5,500 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth about $1,242,000. Opera Trading Capital purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth about $1,273,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Cresud S.A.C.I.F. y A. by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 78,288 shares of the company’s stock worth $1,571,000 after buying an additional 3,661 shares in the last quarter. 24.33% of the stock is owned by hedge funds and other institutional investors.
Shares of Cresud S.A.C.I.F. y A. (CRESY) opened at 17.95 on Friday. Cresud S.A.C.I.F. y A. has a one year low of $13.70 and a one year high of $22.28.
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Separately, BidaskClub raised shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “hold” rating in a report on Friday, July 14th.
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.
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