Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 65,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $1.25, for a total value of $81,250.00. Following the transaction, the director directly owned 515,736 shares of the company’s stock, valued at approximately $644,670. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 9th, Fernando Elsztain sold 35,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.19, for a total transaction of $41,650.00.
• On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.05, for a total transaction of $10,500.00.
• On Thursday, August 20th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.10, for a total transaction of $11,000.00.
• On Wednesday, August 12th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total transaction of $10,600.00.
• On Wednesday, July 22nd, Fernando 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 transaction of $23,400.00.
• On Tuesday, July 21st, Fernando 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 Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.11, for a total transaction of $4,867.35.

Cresud S.A.C.I.F. y A. Stock Down 0.2%

Shares of NASDAQ CRESY opened at $12.12 on Tuesday. The firm has a market capitalization of $765.74 million, a price-to-earnings ratio of 6.77 and a beta of 0.75. The firm has a 50-day moving average of $11.21. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. Cresud S.A.C.I.F. y A. has a 52-week low of $8.41 and a 52-week high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. The firm had revenue of $231.08 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. OceanIQ Capital LLC acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter worth about $650,000. Kopernik Global Investors LLC raised its holdings 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 during the last quarter. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter valued at about $127,000. Finally, R Squared Ltd lifted its stake in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after purchasing an additional 2,253 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CRESY has been the topic of several research reports. 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, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Cresud S.A.C.I.F. y A.

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.

Cresud’s operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.