City of London Investment Management Co. Ltd. trimmed its holdings in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 2.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,085,973 shares of the company’s stock after selling 31,133 shares during the period. Cresud S.A.C.I.F. y A. accounts for approximately 0.9% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 23rd largest holding. City of London Investment Management Co. Ltd.’s holdings in Cresud S.A.C.I.F. y A. were worth $12,597,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Newfoundland Capital Management boosted its stake in Cresud S.A.C.I.F. y A. by 19.5% in the 4th quarter. Newfoundland Capital Management now owns 5,437,112 shares of the company’s stock worth $66,061,000 after buying an additional 887,526 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Cresud S.A.C.I.F. y A. by 4.1% in the 4th quarter. Macquarie Group Ltd. now owns 2,513,344 shares of the company’s stock worth $30,539,000 after buying an additional 99,632 shares during the last quarter. 683 Capital Management LLC boosted its stake in Cresud S.A.C.I.F. y A. by 5.5% in the 4th quarter. 683 Capital Management LLC now owns 870,000 shares of the company’s stock worth $10,570,000 after buying an additional 45,686 shares during the last quarter. VR Advisory Services Ltd boosted its stake in Cresud S.A.C.I.F. y A. by 4.3% in the 4th quarter. VR Advisory Services Ltd now owns 316,416 shares of the company’s stock worth $3,844,000 after buying an additional 13,029 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Cresud S.A.C.I.F. y A. by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,765 shares of the company’s stock worth $1,492,000 after buying an additional 7,708 shares during the last quarter. 31.77% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th.

NASDAQ CRESY opened at $9.57 on Tuesday. Cresud S.A.C.I.F. y A. has a 1-year low of $9.39 and a 1-year high of $18.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 1.72.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($1.91) earnings per share for the quarter. The firm had revenue of $469.75 million during the quarter.

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

Cresud Sociedad AnĂ³nima 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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Institutional Ownership by Quarter for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

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