Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Pass Above 200 Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $10.67. Cresud S.A.C.I.F. y A. shares last traded at $10.54, with a volume of 178,211 shares.

Analyst Upgrades and Downgrades

CRESY has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report 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, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 0.8%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The company has a market capitalization of $665.92 million, a price-to-earnings ratio of 4.75 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $182.78 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

Insider Activity

In related news, Director Eduardo S. Elsztain bought 58,595 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the acquisition, the director directly owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alejandro Gustavo Elsztain bought 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $10.95 per share, with a total value of $199,290.00. Following the completion of the acquisition, the director owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. The trade was a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 103,451 shares of company stock worth $1,112,911. Corporate insiders own 36.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares during the last quarter. Sei Investments Co. boosted its position in shares of Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after acquiring an additional 39,488 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $25,000. Virtu Financial LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the third quarter valued at approximately $144,000. Finally, Centiva Capital LP bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter valued at approximately $163,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.