Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells $10,600.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.06, for a total value of $10,600.00. Following the completion of the sale, the director owned 635,736 shares in the company, valued at $673,880.16. This represents a 1.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Fernando Adrian Elsztain also recently made the following trade(s):

• On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.17, for a total value of $23,400.00.
• On Tuesday, July 21st, Fernando Adrian Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.13, for a total value of $16,950.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.11, for a total value of $4,867.35.
• On Thursday, June 11th, Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00.

Cresud S.A.C.I.F. y A. Price Performance

Shares of NASDAQ:CRESY opened at $10.57 on Friday. The stock has a market capitalization of $667.81 million, a price-to-earnings ratio of 4.76 and a beta of 0.73. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The stock’s 50-day simple moving average is $11.20.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The business had revenue of $182.78 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

A number of institutional investors and hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth approximately $25,000. Van ECK Associates Corp lifted its stake in Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after acquiring an additional 2,957 shares during the last quarter. Bank of America Corp DE grew its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares in the last quarter. Salzhauer Michael acquired a new position in Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $126,000. Finally, Acuitas Investments LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at approximately $127,000. 12.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on CRESY. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.