GMT Capital Corp Reduces Stock Position in Cresud S.A.C.I.F. y A. $CRESY

GMT Capital Corp cut its stake in Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) by 84.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,579 shares of the company’s stock after selling 899,133 shares during the period. GMT Capital Corp owned approximately 0.26% of Cresud S.A.C.I.F. y A. worth $2,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Kopernik Global Investors LLC grew its position in shares of Cresud S.A.C.I.F. y A. by 13.9% in the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after purchasing an additional 519,091 shares in the last quarter. Systrade AG lifted its holdings in Cresud S.A.C.I.F. y A. by 190.5% in the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after acquiring an additional 698,341 shares during the last quarter. VR Advisory Services Ltd lifted its holdings in Cresud S.A.C.I.F. y A. by 113.0% in the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock valued at $8,156,000 after acquiring an additional 470,365 shares during the last quarter. Crocodile Capital Partners GmbH lifted its holdings in Cresud S.A.C.I.F. y A. by 438.1% in the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after acquiring an additional 624,614 shares during the last quarter. Finally, Ping Capital Management Inc. lifted its holdings in Cresud S.A.C.I.F. y A. by 11.6% in the fourth quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock valued at $1,703,000 after acquiring an additional 14,021 shares during the last quarter. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, Director Eduardo S. Elsztain acquired 8,823 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the acquisition, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the company’s stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the acquisition, the director owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. The trade was a 1.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 103,451 shares of company stock worth $1,112,911. 36.20% of the stock is owned by insiders.

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

NASDAQ:CRESY opened at $12.36 on Friday. 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 52 week low of $8.39 and a 52 week high of $14.21. The firm has a market cap of $780.95 million, a price-to-earnings ratio of 5.57 and a beta of 0.71.

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

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.