Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Rating Lowered to Sell at BidaskClub

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday, BidAskClub reports.

Separately, TheStreet lowered shares of Cresud S.A.C.I.F. y A. from a “c” rating to a “d-” rating in a report on Tuesday, November 19th.

NASDAQ:CRESY opened at $5.24 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 3.12. The company has a 50 day moving average price of $5.04 and a 200 day moving average price of $7.45. Cresud S.A.C.I.F. y A. has a fifty-two week low of $4.06 and a fifty-two week high of $14.00.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Monday, November 11th. The company reported ($2.64) earnings per share for the quarter. The company had revenue of $504.32 million for the quarter. Cresud S.A.C.I.F. y A. had a negative return on equity of 43.54% and a negative net margin of 32.79%.

A number of institutional investors have recently added to or reduced their stakes in CRESY. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Cresud S.A.C.I.F. y A. by 100.0% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 20,000 shares of the company’s stock valued at $210,000 after purchasing an additional 10,000 shares in the last quarter. City of London Investment Management Co. Ltd. raised its holdings in shares of Cresud S.A.C.I.F. y A. by 10.0% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 1,194,481 shares of the company’s stock valued at $12,512,000 after purchasing an additional 108,508 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $171,000. Northern Trust Corp raised its holdings in shares of Cresud S.A.C.I.F. y A. by 48.0% in the 2nd quarter. Northern Trust Corp now owns 83,958 shares of the company’s stock valued at $879,000 after purchasing an additional 27,224 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Cresud S.A.C.I.F. y A. by 112.3% in the 2nd quarter. BlackRock Inc. now owns 322,491 shares of the company’s stock valued at $3,379,000 after purchasing an additional 170,590 shares in the last quarter. Institutional investors own 22.32% of the company’s stock.

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

Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of cattle for sale to slaughterhouses and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.

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