Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 12-Month Low – Time to Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) reached a new 52-week low on Tuesday . The stock traded as low as $0.0308 and last traded at $11.35, with a volume of 371 shares changing hands. The stock had previously closed at $11.02.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRESY. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. 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. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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

The stock has a 50 day simple moving average of $11.09 and a two-hundred day simple moving average of $11.74. The company has a market capitalization of $717.09 million, a price-to-earnings ratio of 5.11 and a beta of 0.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released 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 return on equity of 7.17% and a net margin of 17.44%.The company had revenue of $182.78 million for the quarter.

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Eduardo S. Elsztain bought 8,823 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the acquisition, the director owned 9,854,101 shares in the company, valued at approximately $105,143,257.67. This trade represents a 0.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alejandro Gustavo Elsztain purchased 4,458 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average price of $11.20 per share, with a total value of $49,929.60. Following the purchase, the director directly owned 1,207,564 shares of the company’s stock, valued at approximately $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 85,251 shares of company stock valued at $913,621. 36.20% of the stock is owned by company insiders.

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

Several institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. during the 2nd quarter worth $25,000. Van ECK Associates Corp boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% in 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth 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. Salzhauer Michael acquired a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth about $126,000. Finally, Acuitas Investments LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth about $127,000. 12.90% of the stock is owned by institutional investors and hedge funds.

Cresud S.A.C.I.F. y A. Company Profile

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.