Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Acquires $94,141.41 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain acquired 8,823 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the transaction, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. The trade was a 0.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

CRESY stock traded down $0.09 during mid-day trading on Friday, hitting $10.60. 57,489 shares of the company were exchanged, compared to its average volume of 255,324. The business has a 50 day simple moving average of $11.39 and a 200-day simple moving average of $11.82. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $669.96 million, a PE ratio of 4.76 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $999.00 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Van ECK Associates Corp increased its stake in Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after acquiring an additional 2,957 shares during the last quarter. Bank of America Corp DE increased its stake in Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after acquiring an additional 6,679 shares during the last quarter. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. in the first quarter valued at approximately $127,000. Finally, Salzhauer Michael bought a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at approximately $126,000. Institutional investors own 12.90% of the company’s stock.

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.