BidaskClub downgraded shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) from a hold rating to a sell rating in a research note released on Tuesday.

Cresud S.A.C.I.F. y A. (NASDAQ CRESY) traded up 1.45% during trading on Tuesday, reaching $18.20. 46,472 shares of the company’s stock were exchanged. Cresud S.A.C.I.F. y A. has a 52 week low of $13.70 and a 52 week high of $22.28. The company’s 50 day moving average price is $18.77 and its 200-day moving average price is $19.31.

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A number of hedge funds and other institutional investors have recently made changes to their positions in CRESY. Levin Capital Strategies L.P. increased its position in shares of Cresud S.A.C.I.F. y A. by 31.1% in the first quarter. Levin Capital Strategies L.P. now owns 27,384 shares of the company’s stock worth $550,000 after buying an additional 6,500 shares during the last quarter. Parkwood LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 18.9% in the second quarter. Parkwood LLC now owns 34,638 shares of the company’s stock worth $674,000 after buying an additional 5,500 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $1,242,000. Opera Trading Capital bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth approximately $1,273,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Cresud S.A.C.I.F. y A. by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 78,288 shares of the company’s stock worth $1,571,000 after buying an additional 3,661 shares during the last quarter. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

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

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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