BidaskClub Lowers Cresud S.A.C.I.F. y A. (CRESY) to Sell

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, December 16th.

Separately, TheStreet raised Cresud S.A.C.I.F. y A. from a “d+” rating to a “c-” rating in a research report on Tuesday, October 3rd.

Shares of Cresud S.A.C.I.F. y A. (CRESY) traded down $0.72 during trading hours on Friday, reaching $21.29. 358,257 shares of the company were exchanged, compared to its average volume of 126,495. The company has a market capitalization of $1,130.00, a P/E ratio of -10.33 and a beta of 1.58. Cresud S.A.C.I.F. y A. has a 52 week low of $15.70 and a 52 week high of $23.69. The company has a quick ratio of 1.33, a current ratio of 1.50 and a debt-to-equity ratio of 2.50.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in Cresud S.A.C.I.F. y A. by 46.7% in the second quarter. Van ECK Associates Corp now owns 5,554 shares of the company’s stock valued at $108,000 after purchasing an additional 1,767 shares during the last quarter. Stelac Advisory Services LLC boosted its holdings in Cresud S.A.C.I.F. y A. by 58.6% in the third quarter. Stelac Advisory Services LLC now owns 8,372 shares of the company’s stock valued at $156,000 after purchasing an additional 3,093 shares during the last quarter. Parkwood LLC boosted its holdings in Cresud S.A.C.I.F. y A. by 15.9% in the third quarter. Parkwood LLC now owns 40,138 shares of the company’s stock valued at $749,000 after purchasing an additional 5,500 shares during the last quarter. Tricadia Capital Management LLC boosted its holdings in Cresud S.A.C.I.F. y A. by 8.0% in the second quarter. Tricadia Capital Management LLC now owns 141,612 shares of the company’s stock valued at $2,754,000 after purchasing an additional 10,500 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Cresud S.A.C.I.F. y A. by 0.7% in the third quarter. Macquarie Group Ltd. now owns 2,571,776 shares of the company’s stock valued at $48,017,000 after purchasing an additional 17,527 shares during the last quarter. 22.83% of the stock is currently owned by hedge funds and other institutional investors.

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

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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