Insider Selling: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells $81,250.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 65,000 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 515,736 shares of the company’s stock, valued at approximately $644,670. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 9th, Fernando Elsztain sold 35,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.19, for a total transaction of $41,650.00.
• 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 stock was sold at an average price of $1.10, for a total value 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 stock was sold at an average price of $1.06, for a total value 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 value 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 value 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 value of $4,867.35.

Cresud S.A.C.I.F. y A. Stock Up 1.0%

Shares of NASDAQ CRESY opened at $12.02 on Thursday. The business has a 50-day simple moving average of $11.26. Cresud S.A.C.I.F. y A. has a twelve month low of $8.66 and a twelve month high of $14.21. The company has a market cap of $759.42 million, a price-to-earnings ratio of 6.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.

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 EPS for the quarter. The company had revenue of $231.08 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 6.18% and a net margin of 12.93%.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRESY shares. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note 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 research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. has a consensus 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.