Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 1-Year Low – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $0.0308 and last traded at $11.35, with a volume of 371 shares. The stock had previously closed at $11.02.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRESY shares. 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. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Up 3.0%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43. The firm has a market cap of $717.09 million, a P/E ratio of 5.11 and a beta of 0.71. The business’s fifty day moving average is $11.09 and its 200-day moving average is $11.74.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $182.78 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain acquired 13,375 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were acquired at an average cost of $11.23 per share, for a total transaction of $150,201.25. Following the purchase, the director owned 1,203,206 shares in the company, valued at approximately $13,512,003.38. The trade was a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eduardo S. Elsztain bought 58,595 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $10.57 per share, with a total value of $619,349.15. Following the purchase, the director owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This represents a 0.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought 85,251 shares of company stock worth $913,621 over the last ninety days. 36.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $25,000. Van ECK Associates Corp boosted its position in Cresud S.A.C.I.F. y A. by 103.9% during the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after buying an additional 2,957 shares during the period. Bank of America Corp DE grew its holdings in 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. Salzhauer Michael purchased a new position in shares of Cresud S.A.C.I.F. y A. in the fourth quarter valued at about $126,000. Finally, Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at about $127,000. 12.90% of the stock is currently owned by institutional investors.

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.