BidaskClub lowered shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, TheStreet upgraded shares of 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) opened at $20.69 on Friday. Cresud S.A.C.I.F. y A. has a 1 year low of $14.50 and a 1 year high of $23.69. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.33 and a current ratio of 1.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Newfoundland Capital Management boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 45.3% in the second quarter. Newfoundland Capital Management now owns 1,990,970 shares of the company’s stock valued at $38,725,000 after acquiring an additional 620,690 shares in the last quarter. Parkwood LLC boosted its holdings in shares of 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 acquiring an additional 5,500 shares in the last quarter. GAM Holding AG boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 68.2% in the second quarter. GAM Holding AG now owns 148,000 shares of the company’s stock valued at $2,878,000 after acquiring an additional 60,000 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 272,663.6% in the second quarter. Royal Bank of Canada now owns 30,004 shares of the company’s stock valued at $584,000 after acquiring an additional 29,993 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 1.3% in the second quarter. Macquarie Group Ltd. now owns 2,554,249 shares of the company’s stock valued at $49,684,000 after acquiring an additional 32,874 shares in the last quarter. Hedge funds and other institutional investors own 22.83% of the company’s stock.

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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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