THE RUSSELL INVESTMENTS GROUP LTD. HAS $13.676 MILLION STAKE IN CRESUD S.A.C.I.F. Y A. (CRESY)
Russell Investments Group Ltd. raised its stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 5.9% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 681,433 shares of the company’s stock after buying an additional 38,081 shares during the period. Russell Investments Group Ltd. owned about 1.37% of Cresud S.A.C.I.F. y A. worth $13,676,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Cresud S.A.C.I.F. y A. during the third quarter valued at approximately $464,000. Harbor Advisors LLC purchased a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $1,071,000. Serengeti Asset Management LP raised its position in Cresud S.A.C.I.F. y A. by 150.0% in the third quarter. Serengeti Asset Management LP now owns 350,000 shares of the company’s stock valued at $6,251,000 after buying an additional 210,000 shares in the last quarter. Finepoint Capital LP raised its position in Cresud S.A.C.I.F. y A. by 0.8% in the fourth quarter. Finepoint Capital LP now owns 489,470 shares of the company’s stock valued at $7,719,000 after buying an additional 3,759 shares in the last quarter. Finally, VR Advisory Services Ltd purchased a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $9,325,000. Institutional investors and hedge funds own 24.03% of the company’s stock.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) opened at 21.95 on Tuesday. The company’s market capitalization is $1.09 billion. The firm has a 50-day moving average of $20.80 and a 200 day moving average of $18.04. Cresud S.A.C.I.F. y A. has a 12-month low of $9.50 and a 12-month high of $22.28.
Cresud S.A.C.I.F. y A. Company Profile Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria is an agricultural company engaged in the production of basic agricultural commodities with presence in the agricultural sector of Brazil, through its investment in Brasilagro, as well as in other Latin American countries. In addition, the Company leases lands to third parties and perform agency and agro-industrial services, including a meat packing plant.
http://bangaloreweekly.com/russell-inve ... 47493.html