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 company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $1.10, for a total value of $11,000.00. Following the completion of the sale, the director directly owned 625,736 shares in the company, valued at approximately $688,309.60. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.06, for a total value of $10,600.00.
• 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 transaction 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 transaction 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 stock was sold at an average price of $1.26, for a total transaction of $88,200.00.

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

Shares of NASDAQ CRESY opened at $11.17 on Friday. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21. 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’s 50-day simple moving average is $11.10. The stock has a market cap of $705.72 million, a PE ratio of 5.03 and a beta of 0.73.

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $25,000. Van ECK Associates Corp grew 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 worth $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE increased its position in Cresud S.A.C.I.F. y A. by 464.8% during 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 during the last quarter. Salzhauer Michael purchased a new position in Cresud S.A.C.I.F. y A. in the fourth quarter worth about $126,000. Finally, Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter valued at about $127,000. Institutional investors own 12.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CRESY shares. Weiss Ratings reissued 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 downgraded shares of 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of “Hold”.

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.