Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Buys 18,200 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain bought 18,200 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the purchase, the director directly owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. The trade was a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, April 23rd, Alejandro Gustavo Elsztain bought 4,458 shares of Cresud S.A.C.I.F. y A. stock. The stock was acquired at an average price of $11.20 per share, for a total transaction of $49,929.60.
• On Wednesday, April 22nd, Alejandro Gustavo Elsztain bought 13,375 shares of Cresud S.A.C.I.F. y A. stock. The stock was acquired at an average price of $11.23 per share, for a total transaction of $150,201.25.

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

NASDAQ CRESY traded down $0.40 during trading on Friday, reaching $10.92. The company’s stock had a trading volume of 198,277 shares, compared to its average volume of 261,733. The firm has a market capitalization of $689.97 million, a P/E ratio of 4.92 and a beta of 0.71. 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. has a one year low of $8.39 and a one year high of $14.21.

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

Analysts Set New Price Targets

CRESY has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. 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. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRESY. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at $25,000. Van ECK Associates Corp raised its stake in Cresud S.A.C.I.F. y A. by 103.9% during 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 last quarter. Bank of America Corp DE raised its stake in 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 buying an additional 6,679 shares during the last quarter. Acuitas Investments LLC purchased a new position in Cresud S.A.C.I.F. y A. during the first quarter valued at $127,000. Finally, Salzhauer Michael purchased a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at $126,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

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.