Sheaff Brock Investment Advisors LLC acquired a new stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) in the first quarter, HoldingsChannel reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $116,000.
Other hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $281,000. Legal & General Group Plc acquired a new stake in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at about $110,000. Eaton Vance Management acquired a new stake in Cresud S.A.C.I.F. y A. in the 4th quarter valued at about $255,000. City of London Investment Management Co. Ltd. increased its position in Cresud S.A.C.I.F. y A. by 23.7% in the 4th quarter. City of London Investment Management Co. Ltd. now owns 1,117,106 shares of the company’s stock valued at $13,562,000 after acquiring an additional 214,106 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Cresud S.A.C.I.F. y A. by 6.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,765 shares of the company’s stock valued at $1,492,000 after acquiring an additional 7,708 shares in the last quarter. Institutional investors own 30.56% of the company’s stock.
Separately, BidaskClub lowered shares of Cresud S.A.C.I.F. y A. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 16th.
COPYRIGHT VIOLATION NOTICE: “Sheaff Brock Investment Advisors LLC Takes $116,000 Position in Cresud S.A.C.I.F. y A. (CRESY)” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2019/05/03/sheaff-brock-investment-advisors-llc-takes-116000-position-in-cresud-s-a-c-i-f-y-a-cresy.html.
Cresud S.A.C.I.F. y A. Company Profile
Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria, an agricultural company, produces basic agricultural commodities in Brazil and other Latin American countries. The Agricultural business is involved in planting, harvesting, and sale of crops, such as wheat, corn, soybean, cotton, and sunflower, as well as sugarcane; breeding, purchasing, and fattening of cattle for sale to slaughterhouses and local livestock auction markets; producing raw milk for sale to local milk and milk-related products producers; the leasing of farms to third parties; the disposal and development of farmlands activities; and feedlot farming, as well as meat slaughtering and processing activities.
Further Reading: What is the downside to momentum investing?
Want to see what other hedge funds are holding CRESY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cresud S.A.C.I.F. y A. (NASDAQ:CRESY).
Receive News & Ratings for Cresud S.A.C.I.F. y A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cresud S.A.C.I.F. y A. and related companies with MarketBeat.com's FREE daily email newsletter.