Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $10.67. Cresud S.A.C.I.F. y A. shares last traded at $10.54, with a volume of 178,211 shares.

Analysts Set New Price Targets

CRESY has been the topic of several research reports. 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. 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. 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”.

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

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 capitalization of $682.98 million, a PE ratio of 4.87 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The business had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%.

Insider Buying and Selling

In related news, Director Eduardo S. Elsztain purchased 8,823 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of $10.67 per share, with a total value of $94,141.41. Following the transaction, the director directly owned 9,854,101 shares in the company, valued at $105,143,257.67. This trade represents a 0.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the purchase, the director directly owned 1,225,764 shares in the company, valued at $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 103,451 shares of company stock worth $1,112,911. Insiders own 36.20% of the company’s stock.

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

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% during 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 in the last quarter. Sei Investments Co. grew its position in Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after purchasing an additional 39,488 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter valued at about $25,000. Virtu Financial LLC bought a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at about $144,000. Finally, Centiva Capital LP bought a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter valued at about $163,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.