Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 35,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $1.19, for a total value of $41,650.00. Following the sale, the director owned 580,736 shares of the company’s stock, valued at $691,075.84. The trade was a 5.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, September 10th, Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.25, for a total value of $81,250.00.
• 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 shares were 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 shares were 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 stock was sold at an average price of $1.13, for a total value 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 value of $4,867.35.

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

Shares of Cresud S.A.C.I.F. y A. stock opened at $12.12 on Tuesday. The firm has a market cap of $765.74 million, a price-to-earnings ratio of 6.77 and a beta of 0.75. 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. The firm’s 50-day moving average price is $11.21.

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

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

A number of institutional investors have recently modified their holdings of CRESY. Kopernik Global Investors LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after buying an additional 168,662 shares during the period. OceanIQ Capital LLC bought a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at about $650,000. Acuitas Investments LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. Finally, R Squared Ltd raised its stake in shares of 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 valued at $223,000 after buying an additional 2,253 shares in the last quarter. Institutional investors own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CRESY shares. 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. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One investment 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. Company Profile

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.