Insider Buying: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Buys 4,458 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain bought 4,458 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, April 23rd. The shares were acquired at an average price of $11.20 per share, for a total transaction of $49,929.60. Following the completion of the transaction, the director directly owned 1,207,564 shares of the company’s stock, valued at $13,524,716.80. This trade represents a 0.37% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, April 22nd, Alejandro Gustavo Elsztain purchased 13,375 shares of Cresud S.A.C.I.F. y A. stock. The stock was acquired 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. Trading Up 1.1%

CRESY traded up $0.12 during midday trading on Friday, hitting $11.05. The company’s stock had a trading volume of 320,500 shares, compared to its average volume of 255,774. 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 firm has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.85. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm has a market cap of $698.14 million, a P/E ratio of 3.73 and a beta of 0.89.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.35 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 10.34%. The business had revenue of $211.85 million for the quarter.

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

Several hedge funds have recently modified their holdings of the stock. Crocodile Capital Partners GmbH lifted its position in Cresud S.A.C.I.F. y A. by 438.1% during the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after acquiring an additional 624,614 shares in the last quarter. Systrade AG boosted its stake in shares of Cresud S.A.C.I.F. y A. by 190.5% in the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after purchasing an additional 698,341 shares during the period. Banco BTG Pactual S.A. acquired a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at $400,000. R Squared Ltd acquired a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at $229,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth $150,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have 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 report on Friday, March 27th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company 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.