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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) issued its quarterly earnings data on Wednesday. The company reported $0.35 EPS for the quarter, FiscalAI reports. Cresud S.A.C.I.F. y A. had a return on equity of 10.13% and a net margin of 23.88%.The firm had revenue of $211.85 million for the quarter.

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

Shares of CRESY stock traded down $0.23 during trading hours on Thursday, reaching $11.34. The company’s stock had a trading volume of 82,675 shares, compared to its average volume of 227,820. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm’s 50 day simple moving average is $12.36 and its 200-day simple moving average is $11.18. The company has a quick ratio of 1.01, a current ratio of 1.33 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $716.15 million, a price-to-earnings ratio of 3.81 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Systrade AG raised its stake in shares of Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after acquiring an additional 698,341 shares during the last quarter. Crocodile Capital Partners GmbH increased its holdings in Cresud S.A.C.I.F. y A. by 438.1% in the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after purchasing an additional 624,614 shares during the period. GMT Capital Corp increased its holdings in Cresud S.A.C.I.F. y A. by 52.9% in the second quarter. GMT Capital Corp now owns 1,569,608 shares of the company’s stock valued at $16,889,000 after purchasing an additional 543,213 shares during the period. Kopernik Global Investors LLC raised its position in Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after purchasing an additional 519,091 shares during the last quarter. Finally, VR Advisory Services Ltd lifted its holdings in Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after buying an additional 470,365 shares during the period. Institutional investors own 12.90% of the company’s stock.

Analyst Upgrades and Downgrades

CRESY has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note 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 research report on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company 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.