Insider Buying: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Purchases $199,290.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain purchased 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the transaction, the director directly owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. The trade was a 1.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, April 23rd, Alejandro Gustavo Elsztain purchased 4,458 shares of Cresud S.A.C.I.F. y A. stock. The stock was acquired at an average price of $11.20 per share, for a total transaction of $49,929.60.
• 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 price of $11.23 per share, for a total transaction of $150,201.25.

Cresud S.A.C.I.F. y A. Stock Performance

Shares of CRESY opened at $10.92 on Monday. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm has a market capitalization of $689.97 million, a P/E ratio of 4.92 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share 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 company had revenue of $182.78 million for the quarter.

Wall Street Analysts Forecast Growth

CRESY has been the topic of several research reports. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research 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 report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kopernik Global Investors LLC boosted its stake in Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after buying an additional 168,662 shares during the period. Systrade AG boosted its stake in Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after buying an additional 698,341 shares during the period. VR Advisory Services Ltd boosted its stake in 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 buying an additional 470,365 shares during the period. Crocodile Capital Partners GmbH boosted its stake in 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 buying an additional 624,614 shares during the period. Finally, Ping Capital Management Inc. boosted its stake in Cresud S.A.C.I.F. y A. by 11.6% during the fourth quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock worth $1,703,000 after buying an additional 14,021 shares during the period. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.