Insider Buying: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Acquires $92,738.10 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Elsztain bought 8,295 shares of the stock in a transaction on Thursday, October 15th. The stock was purchased at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the completion of the purchase, the director directly owned 1,251,393 shares in the company, valued at approximately $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

Shares of NASDAQ:CRESY opened at $11.52 on Friday. The firm has a fifty day moving average price of $11.64. The company has a market cap of $727.88 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 quick ratio of 1.05 and a current ratio of 1.43. Cresud S.A.C.I.F. y A. has a one year low of $8.91 and a one year high of $14.21.

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. The firm had revenue of $298.16 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%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut 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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kopernik Global Investors LLC lifted its position 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 purchasing an additional 168,662 shares during the last quarter. OceanIQ Capital LLC purchased a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter worth approximately $650,000. Acuitas Investments LLC purchased a new position in Cresud S.A.C.I.F. y A. in the 1st quarter worth approximately $127,000. Finally, R Squared Ltd grew its stake in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors.

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.