Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 10,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1.10, for a total value of $11,000.00. Following the transaction, the director owned 625,736 shares of the company’s stock, valued at approximately $688,309.60. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total value of $10,600.00.
• 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 value 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. Price Performance

Shares of CRESY stock traded up $0.11 during trading hours on Friday, reaching $11.09. The stock had a trading volume of 85,075 shares, compared to its average volume of 263,765. The company has a market cap of $700.71 million, a price-to-earnings ratio of 5.00 and a beta of 0.73. The company’s 50-day simple moving average is $11.12. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month 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.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) 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 firm had revenue of $182.78 million during the quarter.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd lifted its stake in Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after buying an additional 2,253 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter worth approximately $25,000. Van ECK Associates Corp raised its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE lifted its position in shares of 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 acquiring an additional 6,679 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. lifted its position in shares of Cresud S.A.C.I.F. y A. by 56.7% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 25,461 shares of the company’s stock valued at $322,000 after acquiring an additional 9,211 shares in the last quarter. 12.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research 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 report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.