Insider Selling: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells $10,500.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $1.05, for a total transaction of $10,500.00. Following the sale, the director owned 615,736 shares of the company’s stock, valued at approximately $646,522.80. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 20th, Fernando Adrian 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 transaction of $11,000.00.
• On Wednesday, August 12th, Fernando Adrian 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 Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.17, for a total transaction of $23,400.00.
• On Tuesday, July 21st, Fernando Adrian 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 transaction of $16,950.00.
• On Monday, July 6th, Fernando Adrian 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.
• On Thursday, June 11th, Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.26, for a total value of $88,200.00.

Cresud S.A.C.I.F. y A. Stock Down 1.4%

Shares of CRESY stock opened at $11.06 on Friday. The business’s 50-day moving average price is $11.02. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The company has a market capitalization of $698.77 million, a price-to-earnings ratio of 4.98 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The company had revenue of $182.78 million 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%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $25,000. Van ECK Associates Corp grew its position in Cresud S.A.C.I.F. y A. by 103.9% during 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. Bank of America Corp DE grew its position in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares during the last quarter. Acuitas Investments LLC purchased a new position in Cresud S.A.C.I.F. y A. in the 1st quarter worth approximately $127,000. Finally, Salzhauer Michael purchased a new position in Cresud S.A.C.I.F. y A. in the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CRESY shares. Weiss Ratings reissued 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 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. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

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

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.