Cresud S.A.C.I.F. y A. $CRESY Shares Bought by Kopernik Global Investors LLC

Kopernik Global Investors LLC raised its stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 4.0% during the 1st quarter, HoldingsChannel reports. The firm owned 4,415,543 shares of the company’s stock after acquiring an additional 168,662 shares during the period. Cresud S.A.C.I.F. y A. accounts for 3.9% of Kopernik Global Investors LLC’s portfolio, making the stock its 9th biggest position. Kopernik Global Investors LLC owned about 0.07% of Cresud S.A.C.I.F. y A. worth $56,166,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in shares of 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 worth $103,000 after purchasing an additional 6,679 shares during the last quarter. Sei Investments Co. grew its position in Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after buying an additional 39,488 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $25,000. Virtu Financial LLC acquired a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $144,000. Finally, Centiva Capital LP acquired a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $163,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen cut shares of 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 reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

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

Cresud S.A.C.I.F. y A. stock opened at $11.74 on Thursday. 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 1-year low of $8.39 and a 1-year high of $14.21. The company has a market capitalization of $741.73 million, a P/E ratio of 5.29 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data 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 firm had revenue of $182.78 million during the quarter.

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

In related news, Director Eduardo S. Elsztain acquired 8,823 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $10.67 per share, for a total transaction of $94,141.41. Following the completion of the purchase, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. This trade represents a 0.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. This represents a 1.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 85,618 shares of company stock worth $912,781 over the last 90 days. Insiders own 36.20% of the company’s stock.

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