Fernando Adrian Elsztain Sells 35,000 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $1.19, for a total value of $41,650.00. Following the sale, the director directly owned 580,736 shares of the company’s stock, valued at $691,075.84. This represents a 5.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fernando Adrian Elsztain also recently made the following trade(s):

• On Thursday, September 10th, Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.25, for a total value of $81,250.00.
• On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.05, for a total transaction of $10,500.00.
• On Thursday, August 20th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.10, for a total transaction of $11,000.00.
• On Wednesday, August 12th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.06, for a total transaction of $10,600.00.
• On Wednesday, July 22nd, Fernando 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 Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.13, for a total transaction of $16,950.00.
• On Monday, July 6th, Fernando 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.

Cresud S.A.C.I.F. y A. Stock Down 0.9%

CRESY traded down $0.10 during midday trading on Monday, hitting $12.04. The company had a trading volume of 62,702 shares, compared to its average volume of 264,641. Cresud S.A.C.I.F. y A. has a 52 week low of $8.41 and a 52 week high of $14.21. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a market cap of $760.37 million, a P/E ratio of 6.72 and a beta of 0.75. The stock’s 50 day simple moving average is $11.19.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. The firm had revenue of $231.08 million 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%.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares during the last quarter. Sei Investments Co. boosted its holdings in Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after acquiring an additional 39,488 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth $25,000. Virtu Financial LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the third quarter valued at about $144,000. Finally, Centiva Capital LP purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the third quarter valued at about $163,000. Institutional investors own 12.90% of the company’s stock.

Analyst Ratings Changes

CRESY has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. 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, May 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

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, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.

Cresud’s operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.