Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 599,154 shares, a decrease of 35.5% from the September 15th total of 929,480 shares. Based on an average trading volume of 350,144 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the shares of the stock are sold short.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Cresud S.A.C.I.F. y A. from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.
Check Out Our Latest Research Report on Cresud S.A.C.I.F. y A.
Insiders Place Their Bets
In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the sale, the director directly owned 515,736 shares in the company, valued at approximately $644,670. The trade was a 11.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alejandro Elsztain purchased 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, October 15th. The stock was bought at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the completion of the acquisition, the director owned 1,251,393 shares in the company, valued at $13,990,573.74. The trade was a 0.67% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 165,000 shares of company stock valued at $195,350. 36.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. in the first quarter worth $127,000. R Squared Ltd lifted its position in Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares during the last quarter. OceanIQ Capital LLC bought a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at $650,000. Finally, Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 4.0% during the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after purchasing an additional 168,662 shares during the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.
Cresud S.A.C.I.F. y A. Trading Up 1.1%
Shares of Cresud S.A.C.I.F. y A. stock opened at $11.52 on Friday. The company has a market capitalization of $727.88 million, a price-to-earnings ratio of 6.44 and a beta of 0.68. The company’s 50 day moving average price is $11.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. Cresud S.A.C.I.F. y A. has a 12 month low of $8.91 and a 12 month high of $14.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last released its quarterly earnings data on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 6.18% and a net margin of 12.93%. The business had revenue of $298.16 million for the quarter.
About Cresud S.A.C.I.F. y A.
Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.
Cresud’s farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.
See Also
- Five stocks we like better than Cresud S.A.C.I.F. y A.
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Cresud S.A.C.I.F. y A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cresud S.A.C.I.F. y A. and related companies with MarketBeat.com's FREE daily email newsletter.
