Helikon Investments Ltd Purchases 69,317 Shares of Cresud S.A.C.I.F. y A. $CRESY

Helikon Investments Ltd boosted its holdings in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 21.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 395,181 shares of the company’s stock after buying an additional 69,317 shares during the quarter. Cresud S.A.C.I.F. y A. makes up about 0.3% of Helikon Investments Ltd’s investment portfolio, making the stock its 19th largest holding. Helikon Investments Ltd owned approximately 0.64% of Cresud S.A.C.I.F. y A. worth $4,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRESY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,038,336 shares of the company’s stock worth $11,474,000 after acquiring an additional 90,066 shares during the last quarter. GMT Capital Corp purchased a new position in Cresud S.A.C.I.F. y A. during the first quarter valued at $11,342,000. Systrade AG increased its position in Cresud S.A.C.I.F. y A. by 60.1% in the second quarter. Systrade AG now owns 280,063 shares of the company’s stock worth $3,013,000 after buying an additional 105,151 shares in the last quarter. Ping Capital Management Inc. raised its stake in shares of Cresud S.A.C.I.F. y A. by 10.5% in the first quarter. Ping Capital Management Inc. now owns 160,500 shares of the company’s stock worth $1,774,000 after buying an additional 15,200 shares during the period. Finally, Crocodile Capital Partners GmbH lifted its position in shares of Cresud S.A.C.I.F. y A. by 78.2% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 142,563 shares of the company’s stock valued at $1,534,000 after buying an additional 62,563 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CRESY. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 0.2%

Shares of NASDAQ CRESY opened at $11.85 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.23. The firm’s 50-day moving average price is $9.97 and its 200-day moving average price is $10.70. The stock has a market capitalization of $748.73 million, a price-to-earnings ratio of 10.30 and a beta of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.42 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.The company had revenue of $239.85 million for the quarter.

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

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.