B. Riley Wealth Advisors Inc. Acquires New Stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY)

B. Riley Wealth Advisors Inc. bought a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 107,500 shares of the company’s stock, valued at approximately $884,000. B. Riley Wealth Advisors Inc. owned approximately 0.18% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Deuterium Capital Management LLC acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the first quarter worth about $92,000. Anson Capital Inc. acquired a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at approximately $97,000. Meixler Investment Management Ltd. boosted its position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 62.9% during the first quarter. Meixler Investment Management Ltd. now owns 29,753 shares of the company’s stock valued at $266,000 after purchasing an additional 11,483 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 45.4% during the 1st quarter. Russell Investments Group Ltd. now owns 46,942 shares of the company’s stock worth $419,000 after purchasing an additional 14,652 shares during the last quarter. Finally, Ping Capital Management Inc. bought a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $773,000. Institutional investors own 12.90% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Down 0.1 %

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria stock opened at $8.96 on Friday. The stock has a market cap of $531.68 million, a P/E ratio of 4.64 and a beta of 1.10. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.34. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.30 and a twelve month high of $10.75. The company’s 50-day moving average price is $8.27 and its two-hundred day moving average price is $8.68.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) last released its quarterly earnings results on Thursday, September 5th. The company reported $1.00 earnings per share for the quarter. The firm had revenue of $294.43 million for the quarter. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria had a net margin of 11.64% and a return on equity of 3.90%.

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.