GMT Capital Corp Reduces Holdings in Cresud S.A.C.I.F. y A. $CRESY

GMT Capital Corp decreased its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 84.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 164,579 shares of the company’s stock after selling 899,133 shares during the quarter. GMT Capital Corp’s holdings in Cresud S.A.C.I.F. y A. were worth $2,079,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Kopernik Global Investors LLC grew its holdings in shares of Cresud S.A.C.I.F. y A. by 13.9% during the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after purchasing an additional 519,091 shares during the last quarter. Systrade AG grew its holdings in shares of Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after purchasing an additional 698,341 shares during the last quarter. VR Advisory Services Ltd grew its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after purchasing an additional 470,365 shares during the last quarter. Crocodile Capital Partners GmbH grew its holdings in shares of Cresud S.A.C.I.F. y A. by 438.1% during the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after purchasing an additional 624,614 shares during the last quarter. Finally, Ping Capital Management Inc. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 11.6% during the fourth quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock worth $1,703,000 after purchasing an additional 14,021 shares during the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRESY shares. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Performance

Shares of NASDAQ:CRESY opened at $12.36 on Friday. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The stock has a market capitalization of $780.95 million, a P/E ratio of 5.57 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The business had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

Insider Activity at Cresud S.A.C.I.F. y A.

In other news, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director directly owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eduardo S. Elsztain purchased 8,823 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $10.67 per share, for a total transaction of $94,141.41. Following the purchase, the director directly owned 9,854,101 shares in the company, valued at approximately $105,143,257.67. This represents a 0.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 103,451 shares of company stock worth $1,112,911 in the last three months. Corporate insiders own 36.20% of the company’s stock.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.