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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) announced its quarterly earnings results on Tuesday. The company reported $0.36 EPS for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 8.12% and a net margin of 18.98%.

Cresud S.A.C.I.F. y A. Price Performance

Shares of CRESY opened at $12.87 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.33 and a quick ratio of 1.01. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21. The stock has a market cap of $813.13 million, a PE ratio of 5.64 and a beta of 0.93. The firm has a fifty day moving average price of $12.31 and a 200 day moving average price of $11.14.

Cresud S.A.C.I.F. y A. Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 28th were paid a dividend of $0.6293 per share. This represents a yield of 531.0%. The ex-dividend date was Friday, November 28th. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is currently 26.75%.

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently made changes to their positions in the company. Sei Investments Co. grew its stake in Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after buying an additional 39,488 shares during the last quarter. VR Advisory Services Ltd boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after acquiring an additional 470,365 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Bank of America Corp DE grew its position in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares during the last quarter. Finally, PharVision Advisers LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $135,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.