Cresud S.A.C.I.F. y A. (CRESY) Shares Bought by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 272,663.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,004 shares of the company’s stock after purchasing an additional 29,993 shares during the quarter. Royal Bank of Canada’s holdings in Cresud S.A.C.I.F. y A. were worth $584,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in shares of Cresud S.A.C.I.F. y A. by 46.7% during the 2nd quarter. Van ECK Associates Corp now owns 5,554 shares of the company’s stock worth $108,000 after purchasing an additional 1,767 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Cresud S.A.C.I.F. y A. by 4.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 78,288 shares of the company’s stock valued at $1,571,000 after acquiring an additional 3,661 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $103,000. Parkwood LLC lifted its position in Cresud S.A.C.I.F. y A. by 18.9% in the 2nd quarter. Parkwood LLC now owns 34,638 shares of the company’s stock valued at $674,000 after acquiring an additional 5,500 shares in the last quarter. Finally, Tricadia Capital Management LLC lifted its position in Cresud S.A.C.I.F. y A. by 8.0% in the 2nd quarter. Tricadia Capital Management LLC now owns 141,612 shares of the company’s stock valued at $2,754,000 after acquiring an additional 10,500 shares in the last quarter. 24.91% of the stock is currently owned by institutional investors.

Several brokerages recently weighed in on CRESY. BidaskClub cut shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. TheStreet raised shares of Cresud S.A.C.I.F. y A. from a “d+” rating to a “c-” rating in a research report on Tuesday, October 3rd.

Cresud S.A.C.I.F. y A. (NASDAQ CRESY) opened at $21.48 on Friday. Cresud S.A.C.I.F. y A. has a 1 year low of $13.70 and a 1 year high of $23.69. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.34 and a quick ratio of 1.20.

The firm also recently declared an annual dividend, which will be paid on Monday, November 13th. Investors of record on Monday, November 13th will be given a $0.429 dividend. The ex-dividend date of this dividend is Friday, November 10th.

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

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.

Institutional Ownership by Quarter for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)

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