Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Gap Down – Here’s Why

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.30, but opened at $10.94. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $11.04, with a volume of 129,800 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 3.6 %

The company’s 50 day moving average price is $12.72 and its 200 day moving average price is $10.58. The company has a quick ratio of 0.85, a current ratio of 1.09 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $656.72 million, a price-to-earnings ratio of -8.25 and a beta of 1.11.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last issued its earnings results on Monday, February 10th. The company reported ($0.32) earnings per share (EPS) for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a negative return on equity of 2.46% and a negative net margin of 7.06%.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, December 2nd were given a dividend of $0.6096 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s previous dividend of $0.38. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s payout ratio is presently -44.70%.

Hedge Funds Weigh In On Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria

A number of institutional investors and hedge funds have recently bought and sold shares of CRESY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 111.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 948,270 shares of the company’s stock valued at $11,977,000 after purchasing an additional 499,295 shares during the last quarter. Glenorchy Capital Ltd raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 24.2% in the 4th quarter. Glenorchy Capital Ltd now owns 351,183 shares of the company’s stock valued at $4,435,000 after acquiring an additional 68,442 shares during the period. Bank of America Corp DE raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after acquiring an additional 6,679 shares during the period. 683 Capital Management LLC raised its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 5.2% in the 4th quarter. 683 Capital Management LLC now owns 885,000 shares of the company’s stock valued at $11,178,000 after acquiring an additional 44,000 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at approximately $38,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, engages in the production of agricultural commodities in Brazil and other Latin American countries. The company operates through Agricultural Business, and Business Urban Properties and Investments segments.