Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 15,000 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 15,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $1.13, for a total transaction of $16,950.00. Following the completion of the transaction, the director directly owned 665,736 shares of the company’s stock, valued at $752,281.68. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.17, for a total value of $23,400.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The stock was 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 stock was 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 Up 2.2%

Shares of Cresud S.A.C.I.F. y A. stock opened at $11.61 on Friday. 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 firm has a market cap of $733.57 million, a PE ratio of 5.23 and a beta of 0.73. The stock’s 50-day moving average price is $11.29. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRESY. Bank of America Corp DE boosted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares during the last quarter. Sei Investments Co. raised its stake in shares of Cresud S.A.C.I.F. y A. by 66.2% during the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after buying an additional 39,488 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Virtu Financial LLC acquired a new position in Cresud S.A.C.I.F. y A. in the third quarter valued at approximately $144,000. Finally, Centiva Capital LP bought a new position in Cresud S.A.C.I.F. y A. in the third quarter valued at approximately $163,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRESY. 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. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.