Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Posts Quarterly Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) issued its quarterly earnings data on Monday. The company reported $0.42 EPS for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

Cresud S.A.C.I.F. y A. Trading Up 0.8%

Shares of CRESY stock traded up $0.09 during mid-day trading on Monday, reaching $11.50. 145,128 shares of the stock traded hands, compared to its average volume of 241,804. The company has a market cap of $726.62 million, a price-to-earnings ratio of 10.00 and a beta of 1.07. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.23. The stock’s fifty day simple moving average is $9.85 and its two-hundred day simple moving average is $10.69. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.36.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $25,000. Bank of America Corp DE increased its holdings in Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after purchasing an additional 39,488 shares in the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, October 8th. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.