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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $1.06, for a total transaction of $10,600.00. Following the completion of the transaction, the director directly owned 635,736 shares of the company’s stock, valued at $673,880.16. This trade represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 value 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 shares were sold at an average price of $1.26, for a total value of $88,200.00.

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

Cresud S.A.C.I.F. y A. stock opened at $10.60 on Friday. 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 business’s fifty day moving average is $11.21. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.21. The firm has a market capitalization of $669.71 million, a price-to-earnings ratio of 4.77 and a beta of 0.73.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports 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 lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRESY. Kopernik Global Investors LLC increased its position 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 valued at $56,166,000 after acquiring an additional 168,662 shares in the last quarter. VR Advisory Services Ltd lifted its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after purchasing an additional 470,365 shares in the last quarter. Ping Capital Management Inc. grew its stake in shares of Cresud S.A.C.I.F. y A. by 11.6% during the fourth quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock valued at $1,703,000 after purchasing an additional 14,021 shares during the last quarter. Sei Investments Co. grew its stake in shares of Cresud S.A.C.I.F. y A. by 18.4% during the third quarter. Sei Investments Co. now owns 117,331 shares of the company’s stock valued at $1,079,000 after purchasing an additional 18,215 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Cresud S.A.C.I.F. y A. by 234.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock valued at $1,444,000 after purchasing an additional 80,213 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

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.