Fernando Adrian Elsztain Sells 31,000 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 31,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $1.16, for a total transaction of $35,960.00. Following the completion of the sale, the director owned 755,121 shares of the company’s stock, valued at approximately $875,940.36. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, June 11th, Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00.

Cresud S.A.C.I.F. y A. Stock Up 2.5%

Cresud S.A.C.I.F. y A. stock traded up $0.28 during midday trading on Thursday, hitting $11.64. 112,559 shares of the stock were exchanged, compared to its average volume of 271,265. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.21. The company has a market capitalization of $735.35 million, a PE ratio of 5.24 and a beta of 0.73. The stock’s 50-day simple moving average is $11.28. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

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. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The firm had revenue of $182.78 million during the quarter.

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

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at about $25,000. Van ECK Associates Corp increased its stake in shares of 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 worth $73,000 after purchasing an additional 2,957 shares during the last quarter. Bank of America Corp DE raised its holdings 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 purchasing an additional 6,679 shares during the period. Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 1st quarter worth approximately $127,000. Finally, Salzhauer Michael purchased a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at approximately $126,000. Institutional investors own 12.90% of the company’s stock.

Analyst Ratings Changes

CRESY has been the topic of a number of recent analyst reports. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a 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 note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently 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.