Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 52-Week Low – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $10.20 and last traded at $10.22, with a volume of 5,721 shares. The stock had previously closed at $10.77.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 16th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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

The company has a market cap of $614.33 million, a price-to-earnings ratio of 5.65 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.13. The company’s fifty day simple moving average is $11.62.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data 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 return on equity of 5.97% and a net margin of 12.93%. The firm had revenue of $298.16 million during the quarter.

Cresud S.A.C.I.F. y A. Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 29th. Shareholders of record on Monday, November 2nd were issued a $0.7494 dividend. The ex-dividend date was Monday, November 2nd. Cresud S.A.C.I.F. y A.’s payout ratio is currently 37.99%.

Insider Activity

In other news, Director Alejandro Elsztain purchased 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 owned 1,251,393 shares in the company, valued at $13,990,573.74. This represents a 0.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Fernando Elsztain sold 65,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00. Following the completion of the sale, the director owned 515,736 shares in the company, valued at $644,670. This represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 130,000 shares of company stock valued at $155,000. Insiders own 36.20% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of CRESY. Acuitas Investments LLC purchased a new position in Cresud S.A.C.I.F. y A. in the first quarter worth $127,000. R Squared Ltd lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares during the last quarter. OceanIQ Capital LLC purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $650,000. Finally, Kopernik Global Investors LLC boosted its position in shares of 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. Hedge funds and other 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 farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.