Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells 10,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $1.06, for a total value of $10,600.00. Following the sale, the director owned 635,736 shares of the company’s stock, valued at $673,880.16. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Tuesday, July 21st, Fernando Adrian Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.13, for a total value of $16,950.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were 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 stock was 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 Down 0.4%

Shares of Cresud S.A.C.I.F. y A. stock traded down $0.05 on Thursday, hitting $10.65. The stock had a trading volume of 93,830 shares, compared to its average volume of 266,874. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The firm has a 50-day moving average of $11.22. The firm has a market cap of $673.12 million, a PE ratio of 4.80 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly 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 Trading of Cresud S.A.C.I.F. y A.

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd raised its stake in shares of Cresud S.A.C.I.F. y A. by 14.7% in the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares during the period. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. in the 2nd quarter worth approximately $25,000. Van ECK Associates Corp increased its holdings in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after acquiring an additional 2,957 shares in the last quarter. Bank of America Corp DE raised its stake in 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 acquiring an additional 6,679 shares during the period. Finally, Pekin Hardy Strauss Inc. raised its stake in Cresud S.A.C.I.F. y A. by 56.7% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 25,461 shares of the company’s stock worth $322,000 after acquiring an additional 9,211 shares during the period. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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