Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (NASDAQ:CRESY) by 2.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,558 shares of the company’s stock after selling 1,717 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.11% of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria worth $558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. purchased a new position in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at $884,000. Herr Investment Group LLC purchased a new stake in Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the 2nd quarter worth approximately $821,000. Ping Capital Management Inc. acquired a new position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria during the second quarter valued at approximately $773,000. Glenorchy Capital Ltd lifted its position in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria by 32.0% in the third quarter. Glenorchy Capital Ltd now owns 282,741 shares of the company’s stock valued at $2,443,000 after acquiring an additional 68,606 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria in the second quarter worth approximately $216,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria Stock Performance

NASDAQ CRESY opened at $13.64 on Friday. The stock has a market cap of $816.19 million, a PE ratio of -10.33 and a beta of 1.16. Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria has a twelve month low of $6.56 and a twelve month high of $14.23. The stock has a fifty day simple moving average of $10.76 and a 200-day simple moving average of $9.15. The company has a current ratio of 1.09, a quick ratio of 0.85 and a debt-to-equity ratio of 0.30.

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

The company also recently disclosed a dividend, which was paid on Tuesday, December 10th. Investors of record on Monday, December 2nd were issued a $0.6096 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase 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 currently -44.70%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 Company Profile

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.