Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 1-Year Low – Should You Sell?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) reached a new 52-week low on Monday. The company traded as low as $10.20 and last traded at $10.22, with a volume of 5,721 shares trading hands. The stock had previously closed at $10.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

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

The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a market cap of $632.79 million, a price-to-earnings ratio of 5.55 and a beta of 0.68. The stock has a 50-day moving average of $11.68.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 5.97% and a net margin of 12.93%. The business had revenue of $298.16 million during the quarter.

Cresud S.A.C.I.F. y A. Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, October 29th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.7494 per share. The ex-dividend date was Monday, November 2nd. Cresud S.A.C.I.F. y A.’s dividend payout ratio (DPR) is presently 37.43%.

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Fernando Elsztain sold 65,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $1.25, for a total transaction of $81,250.00. Following the completion of the transaction, the director owned 515,736 shares of the company’s stock, valued at $644,670. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alejandro Elsztain acquired 8,295 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average cost of $11.18 per share, for a total transaction of $92,738.10. Following the completion of the purchase, the director directly owned 1,251,393 shares in the company, valued at $13,990,573.74. This represents a 0.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 130,000 shares of company stock valued at $155,000 in the last 90 days. Company insiders own 36.20% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in CRESY. OceanIQ Capital LLC purchased a new position in Cresud S.A.C.I.F. y A. during the 2nd quarter worth $650,000. Kopernik Global Investors LLC lifted its holdings in shares of 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 valued at $56,166,000 after buying an additional 168,662 shares during the period. R Squared Ltd increased its holdings in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after acquiring an additional 2,253 shares in the last quarter. Finally, Acuitas Investments LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

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 farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.