OceanIQ Capital LLC Makes New $650,000 Investment in Cresud S.A.C.I.F. y A. $CRESY

OceanIQ Capital LLC purchased a new position in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 61,448 shares of the company’s stock, valued at approximately $650,000. OceanIQ Capital LLC owned about 0.10% of Cresud S.A.C.I.F. y A. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth $25,000. Van ECK Associates Corp lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% in the 4th 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 during the last quarter. Bank of America Corp DE grew its position in 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 worth $103,000 after acquiring an additional 6,679 shares in the last quarter. Acuitas Investments LLC purchased a new position in Cresud S.A.C.I.F. y A. in the first quarter worth about $127,000. Finally, PharVision Advisers LLC bought a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth approximately $135,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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

In related news, Director Fernando Elsztain sold 70,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 685,121 shares in the company, valued at $863,252.46. The trade was a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 139,385 shares of company stock worth $165,517. 36.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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

Cresud S.A.C.I.F. y A. stock opened at $12.07 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The stock has a market cap of $762.63 million, a price-to-earnings ratio of 5.44 and a beta of 0.75. 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 stock has a 50-day moving average price of $11.08.

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.