Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Downgraded to Strong Sell at BidaskClub

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.

Shares of Cresud S.A.C.I.F. y A. (CRESY) traded down 0.69% during midday trading on Thursday, hitting $17.39. The stock had a trading volume of 2,818 shares. The company’s 50 day moving average is $18.53 and its 200 day moving average is $19.39. 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 has a market cap of $869.50 million, a PE ratio of 193.22 and a beta of 1.54.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Cresud S.A.C.I.F. y A. by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 681,433 shares of the company’s stock valued at $13,676,000 after buying an additional 38,081 shares during the period. Dorsey Wright & Associates boosted its position in shares of Cresud S.A.C.I.F. y A. by 44.2% in the first quarter. Dorsey Wright & Associates now owns 89,183 shares of the company’s stock valued at $1,790,000 after buying an additional 27,347 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of Cresud S.A.C.I.F. y A. by 39.2% in the first quarter. Parametric Portfolio Associates LLC now owns 171,063 shares of the company’s stock valued at $3,433,000 after buying an additional 48,169 shares during the period. Levin Capital Strategies L.P. boosted 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 valued at $550,000 after buying an additional 6,500 shares during the period. Finally, Tricadia Capital Management LLC boosted its position in shares of Cresud S.A.C.I.F. y A. by 10.3% in the first quarter. Tricadia Capital Management LLC now owns 131,112 shares of the company’s stock valued at $2,631,000 after buying an additional 12,200 shares during the period. 24.33% of the stock is currently owned by institutional investors.

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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