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

Shares of CRESY opened at $12.17 on Wednesday. Cresud S.A.C.I.F. y A. has a 52 week low of $10.74 and a 52 week high of $22.78. The company has a quick ratio of 1.64, a current ratio of 1.73 and a debt-to-equity ratio of 0.02.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Monday, November 12th. The company reported $1.33 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 6.69% and a return on equity of 0.85%. The firm had revenue of $421.53 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in CRESY. Newfoundland Capital Management lifted its stake in Cresud S.A.C.I.F. y A. by 14.8% in the second quarter. Newfoundland Capital Management now owns 4,560,616 shares of the company’s stock valued at $67,589,000 after acquiring an additional 588,091 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its stake in Cresud S.A.C.I.F. y A. by 1,357.2% in the third quarter. City of London Investment Management Co. Ltd. now owns 903,000 shares of the company’s stock valued at $12,777,000 after acquiring an additional 841,032 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Cresud S.A.C.I.F. y A. by 9.6% in the second quarter. Russell Investments Group Ltd. now owns 705,285 shares of the company’s stock valued at $10,524,000 after acquiring an additional 61,568 shares during the last quarter. Serengeti Asset Management LP lifted its stake in Cresud S.A.C.I.F. y A. by 160.0% in the third quarter. Serengeti Asset Management LP now owns 650,000 shares of the company’s stock valued at $9,204,000 after acquiring an additional 400,000 shares during the last quarter. Finally, Credit Suisse AG lifted its stake in Cresud S.A.C.I.F. y A. by 20.6% in the third quarter. Credit Suisse AG now owns 205,084 shares of the company’s stock valued at $2,904,000 after acquiring an additional 35,000 shares during the last quarter. 26.30% of the stock is currently owned by hedge funds and other institutional investors.

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

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 beef cattle for sale to meat processors 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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