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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 35,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $1.19, for a total value of $41,650.00. Following the transaction, the director directly owned 580,736 shares in the company, valued at approximately $691,075.84. The trade was a 5.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value 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 value 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 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 stock was 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 1.8%

Shares of CRESY stock opened at $11.90 on Wednesday. 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 business has a 50 day moving average of $11.23. Cresud S.A.C.I.F. y A. has a 52 week low of $8.60 and a 52 week high of $14.21. The company has a market capitalization of $751.84 million, a price-to-earnings ratio of 6.65 and a beta of 0.75.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Saturday, August 15th. The company reported $1.14 earnings per share for 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%. The company had revenue of $231.08 million for the quarter.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% in the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after buying an additional 2,253 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth $127,000. OceanIQ Capital LLC purchased a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at $650,000. Finally, Kopernik Global Investors LLC grew its stake in Cresud S.A.C.I.F. y A. by 4.0% during the first 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 in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.