Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Issues Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) issued its quarterly earnings results on Monday. The company reported $1.14 earnings per share (EPS) for the quarter, FiscalAI reports. 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 $231.08 million during the quarter.

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

Shares of CRESY stock opened at $12.07 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. 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 stock has a market cap of $762.58 million, a PE ratio of 5.44 and a beta of 0.75. The firm’s 50-day moving average is $11.10.

Insider Activity

In other news, Director Fernando 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 completion of the transaction, the director directly owned 685,121 shares of the company’s stock, valued at approximately $863,252.46. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 139,385 shares of company stock valued at $165,517 in the last 90 days. 36.20% of the stock is currently owned by insiders.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kopernik Global Investors LLC lifted its holdings in Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after buying an additional 168,662 shares during the period. OceanIQ Capital LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at $650,000. R Squared Ltd lifted its stake 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 stake in shares of Cresud S.A.C.I.F. y A. in the 1st quarter worth $127,000. Finally, Goldman Sachs Group Inc. increased its holdings in Cresud S.A.C.I.F. y A. by 234.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after buying an additional 80,213 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRESY has been the topic of a number of research reports. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings reaffirmed 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 data from MarketBeat.com, Cresud S.A.C.I.F. y A. presently 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.