Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.36, but opened at $8.63. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria shares last traded at $8.45, with a volume of 19,564 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd.
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Trading Down 1.6 %
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Dividend Announcement
The company also recently announced a dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 10th were given a dividend of $0.3826 per share. The ex-dividend date was Monday, June 10th. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria’s dividend payout ratio (DPR) is presently 18.65%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CRESY. Kopernik Global Investors LLC acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the 4th quarter valued at $7,384,000. Helikon Investments Ltd grew its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 13.6% during the first quarter. Helikon Investments Ltd now owns 637,624 shares of the company’s stock valued at $5,694,000 after purchasing an additional 76,113 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 89.6% in the 4th quarter. Quadrature Capital Ltd now owns 107,750 shares of the company’s stock valued at $1,020,000 after buying an additional 50,923 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter worth $884,000. Finally, Herr Investment Group LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at $821,000. 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.
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