Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading 8.2% Higher – Here’s What Happened

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price traded up 8.2% on Thursday . The stock traded as high as $12.58 and last traded at $12.5460. 195,993 shares traded hands during trading, a decline of 25% from the average session volume of 260,711 shares. The stock had previously closed at $11.59.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note 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 Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

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

The company has a market cap of $796.06 million, a price-to-earnings ratio of 5.65 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.The company had revenue of $182.78 million for the quarter.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In other news, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the transaction, the director owned 1,225,764 shares in the company, valued at $13,422,115.80. This trade represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eduardo S. Elsztain purchased 58,595 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the transaction, the director owned 9,845,278 shares in the company, valued at $104,064,588.46. This trade represents a 0.60% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 103,451 shares of company stock worth $1,112,911. 36.20% of the stock is owned by insiders.

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

Several hedge funds have recently modified their holdings of the company. Steadtrust LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 0.8% during the 4th quarter. Steadtrust LLC now owns 134,608 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,108 shares during the period. Comprehensive Money Management Services LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 1.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,522 shares during the period. R Squared Ltd increased its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth $25,000. Finally, Van ECK Associates Corp grew 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 worth $73,000 after acquiring an additional 2,957 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.