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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.42 EPS for the quarter, Zacks reports. Cresud S.A.C.I.F. y A. had a return on equity of 4.65% and a net margin of 10.57%.Get Cresud S.A.C.I.F. y A. alerts:Cresud S.A.C.I.F. y A. Trading Up 0.8%Shares of CRESY stock traded up $0.09 during mid-day trading on Monday, reaching $11.50. 145,128 shares of the stock traded hands, compared to its average volume of 241,804. The company has a market cap of $726.62 million, a price-to-earnings ratio of 10.00 and a beta of 1.07. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.23. The stock's fifty day simple moving average is $9.85 and its two-hundred day simple moving average is $10.69. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.36. Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $25,000. Bank of America Corp DE increased its holdings in Cresud S.A.C.I.F. y A. by 464.8% in the 4th 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, Sei Investments Co. lifted its holdings 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 purchasing an additional 39,488 shares in the last quarter. Institutional investors and hedge funds own 12.90% of the company's stock. Analysts Set New Price TargetsSeveral equities research analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, October 8th. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold".Read Our Latest Research Report on CRESYAbout Cresud S.A.C.I.F. y A. (Get Free Report)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.Featured ArticlesFive stocks we like better than Cresud S.A.C.I.F. y A.Upcoming IPO Stock Lockup Period, ExplainedShares Down, Price Targets Up: 3 Stocks Upgraded After +10% Drops3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Nuclear Stocks Are Melting Down—Should Investors Panic?3 Healthcare Dividend Stocks to BuyMonday.com Opens Generational Opportunity With Manic Sell-OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cresud S.A.C.I.F. y A. Right Now?Before you consider Cresud S.A.C.I.F. y A., you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cresud S.A.C.I.F. y A. wasn't on the list.While Cresud S.A.C.I.F. y A. currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here