Insider Buying: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Buys $619,349.15 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain acquired 58,595 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $10.57 per share, for a total transaction of $619,349.15. Following the purchase, the director directly owned 9,845,278 shares in the company, valued at $104,064,588.46. The trade was a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cresud S.A.C.I.F. y A. Stock Down 0.6%

Cresud S.A.C.I.F. y A. stock opened at $10.63 on Friday. The company’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.80. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm has a market capitalization of $671.60 million, a price-to-earnings ratio of 4.79 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Thursday, May 7th. The company reported $999.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRESY. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several hedge funds have recently bought and sold shares of the stock. Kopernik Global Investors LLC raised its holdings in Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after buying an additional 168,662 shares during the period. Systrade AG raised its holdings in Cresud S.A.C.I.F. y A. by 190.5% during the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after buying an additional 698,341 shares during the period. VR Advisory Services Ltd raised its holdings in Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after buying an additional 470,365 shares during the period. Crocodile Capital Partners GmbH raised its holdings in Cresud S.A.C.I.F. y A. by 438.1% during the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after buying an additional 624,614 shares during the period. Finally, Ping Capital Management Inc. raised its holdings in Cresud S.A.C.I.F. y A. by 11.6% during the 4th quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock worth $1,703,000 after buying an additional 14,021 shares during the period. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. (NASDAQ:CRESY) is an Argentina-based company primarily engaged in agribusiness and real estate activities. Headquartered in Buenos Aires, Cresud operates through a network of subsidiaries focused on crop production, livestock breeding and sustainability initiatives. The company’s agricultural arm cultivates major row crops such as soybeans, corn and wheat, and maintains a sizeable cattle herd across its extensive landholdings.

In its farming operations, Cresud emphasizes soil management, water resource optimization and technological integration.