Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Acquires 8,295 Shares of Company Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Elsztain acquired 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, October 15th. The shares were bought at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the purchase, the director owned 1,251,393 shares of the company’s stock, valued at $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

Shares of NASDAQ CRESY opened at $11.39 on Friday. Cresud S.A.C.I.F. y A. has a 1-year low of $8.91 and a 1-year high of $14.21. The stock has a 50-day moving average of $11.63. 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 has a market capitalization of $719.62 million, a P/E ratio of 6.36 and a beta of 0.68.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. The business had revenue of $298.16 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 6.18% and a net margin of 12.93%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Cresud S.A.C.I.F. y A. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kopernik Global Investors LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after purchasing an additional 168,662 shares in the last quarter. OceanIQ Capital LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth approximately $650,000. R Squared Ltd grew its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares in the last quarter. Finally, Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $127,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.

Cresud’s farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.