Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 31,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 31,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $1.16, for a total transaction of $35,960.00. Following the transaction, the director directly owned 755,121 shares in the company, valued at $875,940.36. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $1.17, for a total transaction 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 transaction 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 stock was sold at an average price of $1.11, for a total transaction 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 Performance

NASDAQ:CRESY opened at $11.61 on Friday. The stock’s 50-day moving average is $11.29. The company has a market cap of $733.57 million, a P/E ratio of 5.23 and a beta of 0.73. 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 52-week low of $8.39 and a 52-week high of $14.21.

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. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The business had revenue of $182.78 million during the quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRESY shares. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a 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 note on Wednesday, June 24th. 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC boosted its holdings in 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 valued at $53,638,000 after purchasing an additional 519,091 shares in the last quarter. VR Advisory Services Ltd raised its holdings in shares of Cresud S.A.C.I.F. y A. by 113.0% in the 3rd 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cresud S.A.C.I.F. y A. by 234.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after buying an additional 80,213 shares during the period. Jane Street Group LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 303.3% during the 4th quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock worth $1,063,000 after buying an additional 63,273 shares during the period. Finally, Sei Investments Co. boosted its stake in Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after buying an additional 39,488 shares in the last quarter. Institutional investors and hedge funds 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.