Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain Buys 8,823 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain purchased 8,823 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $10.67 per share, for a total transaction of $94,141.41. Following the acquisition, the director owned 9,854,101 shares of the company’s stock, valued at $105,143,257.67. This trade represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cresud S.A.C.I.F. y A. Trading Down 0.8%

CRESY stock traded down $0.09 during midday trading on Friday, hitting $10.60. The stock had a trading volume of 57,489 shares, compared to its average volume of 255,324. The firm has a market cap of $669.96 million, a P/E ratio of 4.78 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21. The business has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $11.82.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (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 7.17%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRESY shares. Wall Street Zen upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. 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. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. presently has a consensus rating of “Hold”.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CRESY. Systrade AG increased its stake in 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 in the last quarter. Crocodile Capital Partners GmbH increased its position in shares of Cresud S.A.C.I.F. y A. by 438.1% during the fourth 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. Kopernik Global Investors LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 13.9% during the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after acquiring an additional 519,091 shares in the last quarter. VR Advisory Services Ltd increased its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after acquiring an additional 470,365 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Cresud S.A.C.I.F. y A. by 234.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after acquiring an additional 80,213 shares in the last quarter. 12.90% of the stock is owned by institutional investors.

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.