StockNews.com assumed coverage on shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY – Get Rating) in a research report report published on Thursday morning. The firm issued a hold rating on the stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Price Performance

Shares of CRESY stock traded down $0.13 during trading on Thursday, hitting $6.36. The company had a trading volume of 42,144 shares, compared to its average volume of 148,491. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a 52 week low of $4.18 and a 52 week high of $9.80. The stock has a market capitalization of $376.58 million, a price-to-earnings ratio of 2.69 and a beta of 1.05. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average is $6.95 and its two-hundred day moving average is $6.16.

Institutional Investors Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

Institutional investors have recently made changes to their positions in the business. 683 Capital Management LLC grew its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 1.3% during the 3rd quarter. 683 Capital Management LLC now owns 1,504,409 shares of the company's stock worth $8,229,000 after acquiring an additional 20,000 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 14.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,405 shares of the company's stock valued at $1,160,000 after buying an additional 22,354 shares during the last quarter. Millennium Management LLC bought a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter valued at $399,000. Truist Financial Corp grew its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 43.1% in the 3rd quarter. Truist Financial Corp now owns 69,600 shares of the company's stock worth $381,000 after acquiring an additional 20,947 shares during the last quarter. Finally, Freedom Wealth Alliance LLC bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the fourth quarter valued at about $374,000. Hedge funds and other institutional investors own 9.99% of the company's stock.

About Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

(Get Rating)

Cresud SA engages in the production of basic agricultural commodities. It operates through the Agricultural Business, and Urban Properties and Investment Business segments. The Agricultural Business segment comprises of land transformation and sales; agricultural production, other segments such as slaughtering and processing in the meat refrigeration plant, and brokerage activities, and corporate expenses related to agricultural business.

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