683 Capital Management LLC recently announced the acquisition of new stake in Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (NASDAQ:CRESY). The institutional investor has increased its shareholding in the Consumer Defensive company by 1.35% to 1.5 million shares with purchase of 20000.0 shares. This fresh investment now brings its stake to 2.54% valued currently at $10.06 million. In addition, Millennium Management LLC raised its holdings by 97890.0 to 0.18 million shares.
With over 0.28 million Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (CRESY) shares trading Tuesday and a closing price of $7.30 on the day, the dollar volume was approximately $2.03 million. The shares have shown a positive half year performance of 66.14% and its price on 01/17/23 gained nearly 5.95%. Currently, there are 58.73M common shares owned by the public and among those 58.62M shares have been available to trade.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CRESY have a consensus price objective of $14.67. The analysts have set the share’s price value over the next 12 months at a high of $14.67 and a low of $14.67. But an upside of 50.24% will see the stock hit the forecast high price target while median target price for the stock is $14.67.
The top 3 mutual fund holders in Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria are Delaware Emerging Markets Fund, CS Invt. Fds. 2 -, and Delaware VIP Trust – Emerging Mar. Delaware Emerging Markets Fund owns 1.62 million shares of the company’s stock, all valued at over $10.87 million. Delaware VIP Trust – Emerging Mar now owns shares totaling to 0.55% of the shares outstanding.
Shares of Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (NASDAQ: CRESY) opened at $6.97, up $0.08 from a prior closing price of $6.89. However, the script later moved the day high at 7.35, up 5.95%. The company’s stock has a 5-day price change of 4.73% and 43.81% over the past three months. CRESY shares are trading 9.12% year to date (YTD), with the 12-month market performance up to 54.81% higher. It has a 12-month low price of $4.07 and touched a high of $9.55 over the same period. CRESY has an average intraday trading volume of 108.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.14%, 24.79%, and 22.14% respectively.
Institutional ownership of Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (NASDAQ: CRESY) shares accounts for 11.40% of the company’s 58.73M shares outstanding. Mutual fund holders own 5.25%, while other institutional holders and individual stakeholders account for 5.61% and — respectively.
It has a market capitalization of $823.88M and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 2.42, while the earnings-per-share (ttm) stands at $3.02. The company has a PEG of 0.10 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.24% over the week and 6.10% over the month.
Analysts forecast that Cresud Sociedad Anonima Comercial Inmobiliaria Financiera y Agropecuaria (CRESY) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2018. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.59 a year ago. EPS should shrink at an annualized rate of 25.00% over the next five years, compared to 38.50% over the past 5-year period.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
