Fernando Adrian Elsztain Sells 70,000 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 Adrian Elsztain sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00. Following the sale, the director owned 685,121 shares in the company, valued at $863,252.46. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Cresud S.A.C.I.F. y A. Trading Up 2.5%

NASDAQ:CRESY traded up $0.28 during mid-day trading on Thursday, hitting $11.64. The stock had a trading volume of 112,559 shares, compared to its average volume of 271,265. 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 firm’s 50-day simple moving average is $11.28. 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 company has a market capitalization of $735.35 million, a P/E ratio of 5.24 and a beta of 0.73.

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC raised its holdings 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 worth $56,166,000 after purchasing an additional 168,662 shares in the last quarter. Acuitas Investments LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at $127,000. R Squared Ltd grew its position in shares of 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 valued at $223,000 after buying an additional 2,253 shares during the last quarter. XTX Topco Ltd acquired a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter worth $381,000. Finally, State of Wisconsin Investment Board acquired a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter worth $270,000. 12.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRESY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. 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.