Alejandro Gustavo Elsztain Buys 18,200 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain acquired 18,200 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were bought at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the acquisition, the director owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, April 23rd, Alejandro Gustavo Elsztain acquired 4,458 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average cost of $11.20 per share, for a total transaction of $49,929.60.
• On Wednesday, April 22nd, Alejandro Gustavo Elsztain acquired 13,375 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average cost of $11.23 per share, for a total transaction of $150,201.25.

Cresud S.A.C.I.F. y A. Stock Down 3.5%

CRESY opened at $10.92 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The firm has a market cap of $689.93 million, a price-to-earnings ratio of 4.92 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.21.

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crocodile Capital Partners GmbH grew its holdings in Cresud S.A.C.I.F. y A. by 438.1% in the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after buying an additional 624,614 shares in the last quarter. Systrade AG increased its stake in shares of Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after acquiring an additional 698,341 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth $400,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth $150,000. Finally, Bank of America Corp DE increased its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in 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 during the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

CRESY has been the topic of several research reports. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research 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”.

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

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.