Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 1-Year Low – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $0.0308 and last traded at $11.35, with a volume of 371 shares traded. The stock had previously closed at $11.02.

Wall Street Analysts Forecast Growth

CRESY has been the subject of several research analyst reports. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. 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. presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 3.0%

The company’s 50 day moving average price is $11.09 and its two-hundred day moving average price is $11.74. 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 $717.09 million, a PE ratio of 5.11 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The company had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

Insiders Place Their Bets

In other Cresud S.A.C.I.F. y A. news, Director Eduardo S. Elsztain purchased 58,595 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $10.57 per share, with a total value of $619,349.15. Following the completion of the acquisition, the director directly owned 9,845,278 shares in the company, valued at $104,064,588.46. The trade was a 0.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alejandro Gustavo Elsztain acquired 13,375 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average price of $11.23 per share, for a total transaction of $150,201.25. Following the completion of the transaction, the director directly owned 1,203,206 shares of the company’s stock, valued at approximately $13,512,003.38. This represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 85,251 shares of company stock worth $913,621. 36.20% of the stock is owned by corporate insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after purchasing an additional 168,662 shares in the last quarter. Systrade AG lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after acquiring an additional 698,341 shares during the last quarter. VR Advisory Services Ltd boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after purchasing an additional 470,365 shares during the period. Crocodile Capital Partners GmbH increased its holdings in shares of Cresud S.A.C.I.F. y A. by 438.1% in the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after acquiring an additional 624,614 shares during the period. Finally, Ping Capital Management Inc. increased its position in shares of 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 purchasing an additional 14,021 shares in the last quarter. 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. (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.