Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock: Insider Alejandro Gustavo Elsztain Acquires 8,295 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Elsztain bought 8,295 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was acquired at an average cost of $11.18 per share, with a total value of $92,738.10. Following the completion of the transaction, the director directly owned 1,251,393 shares of the company’s stock, valued at approximately $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cresud S.A.C.I.F. y A. Stock Up 1.1%

CRESY stock traded up $0.13 during trading hours on Friday, hitting $11.52. The company’s stock had a trading volume of 127,226 shares, compared to its average volume of 254,447. The stock has a 50 day moving average of $11.64. Cresud S.A.C.I.F. y A. has a 12 month low of $8.91 and a 12 month high of $14.21. The stock has a market cap of $727.83 million, a P/E ratio of 6.44 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%. The business had revenue of $298.16 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Cresud S.A.C.I.F. y A. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Kopernik Global Investors LLC boosted its holdings 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 valued at $56,166,000 after acquiring an additional 168,662 shares during the period. OceanIQ Capital LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at about $650,000. Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter worth about $127,000. Finally, R Squared Ltd increased 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 purchasing an additional 2,253 shares during the period. Institutional investors own 12.90% of the company’s stock.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.

Cresud’s farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.