Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Announces Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) posted its quarterly earnings results on Monday. The company reported $0.42 EPS for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.

Cresud S.A.C.I.F. y A. Stock Up 0.8%

Shares of CRESY opened at $11.50 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.24 and a quick ratio of 0.93. The stock has a market capitalization of $726.62 million, a price-to-earnings ratio of 10.00 and a beta of 1.07. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.23. The business’s 50 day simple moving average is $9.88 and its 200-day simple moving average is $10.69.

Analysts Set New Price Targets

A number of research firms recently commented on CRESY. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Hedge funds have recently bought and sold shares of the business. Sei Investments Co. lifted its position in Cresud S.A.C.I.F. y A. by 66.2% during the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after purchasing an additional 39,488 shares during the last quarter. Bank of America Corp DE raised its position in shares of Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $25,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.