Van ECK Associates Corp increased its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 46.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,554 shares of the company’s stock after buying an additional 1,767 shares during the quarter. Van ECK Associates Corp’s holdings in Cresud S.A.C.I.F. y A. were worth $108,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newfoundland Capital Management increased its position in shares of Cresud S.A.C.I.F. y A. by 45.3% during 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 during the last quarter. GAM Holding AG lifted its holdings in Cresud S.A.C.I.F. y A. by 68.2% during the second quarter. GAM Holding AG now owns 148,000 shares of the company’s stock worth $2,878,000 after acquiring an additional 60,000 shares during the period. Opera Trading Capital bought a new stake in Cresud S.A.C.I.F. y A. during the second quarter worth $1,273,000. Renaissance Technologies LLC purchased a new position in Cresud S.A.C.I.F. y A. in the first quarter worth $1,242,000. Finally, Dorsey Wright & Associates boosted its position in Cresud S.A.C.I.F. y A. by 52.5% in the second quarter. Dorsey Wright & Associates now owns 135,986 shares of the company’s stock worth $1,111,000 after purchasing an additional 46,803 shares during the last quarter. 24.90% of the stock is owned by institutional investors and hedge funds.

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Cresud S.A.C.I.F. y A. (CRESY) opened at 18.67 on Monday. Cresud S.A.C.I.F. y A. has a 1-year low of $13.59 and a 1-year high of $22.28.

Separately, BidaskClub raised shares of Cresud S.A.C.I.F. y A. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th.

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

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