Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Trading 4.5% Higher – Time to Buy?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares were up 4.5% during mid-day trading on Monday . The company traded as high as $11.57 and last traded at $11.56. 140,313 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 264,453 shares. The stock had previously closed at $11.06.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. Wall Street Zen lowered 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Up 4.5%

The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The company has a market cap of $730.36 million, a price-to-earnings ratio of 5.21 and a beta of 0.73. The firm’s 50-day simple moving average is $11.02.

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

In other Cresud S.A.C.I.F. y A. news, Director Fernando Adrian Elsztain sold 70,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the transaction, the director directly owned 685,121 shares in the company, valued at approximately $863,252.46. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $10.95 per share, with a total value of $199,290.00. Following the completion of the acquisition, the director directly owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This represents a 1.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 139,385 shares of company stock valued at $165,517. 36.20% of the stock is owned by company insiders.

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

Hedge funds have recently added to or reduced their stakes in the business. Kopernik Global Investors LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after purchasing an additional 168,662 shares during the period. Van ECK Associates Corp lifted its holdings 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 buying an additional 2,957 shares during the period. Raymond James Financial Inc. bought a new stake in Cresud S.A.C.I.F. y A. during the second quarter valued at $25,000. R Squared Ltd grew its holdings in 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 worth $223,000 after acquiring an additional 2,253 shares during the period. Finally, Acuitas Investments LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at about $127,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.