Insider Selling: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells 15,000 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $1.13, for a total value of $16,950.00. Following the completion of the transaction, the director owned 665,736 shares in the company, valued at $752,281.68. This trade represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.17, for a total value of $23,400.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.11, for a total value of $4,867.35.
• 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 2.2%

NASDAQ:CRESY traded up $0.25 during midday trading on Thursday, reaching $11.61. The stock had a trading volume of 172,475 shares, compared to its average volume of 271,746. 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 stock has a market cap of $733.52 million, a PE ratio of 5.23 and a beta of 0.73. The business’s fifty day simple moving average is $11.28. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month 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 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 net margin of 17.44% and a return on equity of 7.21%.

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

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% during 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. Sei Investments Co. boosted its holdings in Cresud S.A.C.I.F. y A. by 66.2% during the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after buying an additional 39,488 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Virtu Financial LLC acquired a new position in Cresud S.A.C.I.F. y A. during the third quarter worth about $144,000. Finally, Centiva Capital LP acquired a new position in Cresud S.A.C.I.F. y A. during the third quarter worth about $163,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CRESY shares. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Company Profile

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.