Fernando Adrian Elsztain Sells 10,000 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $1.05, for a total value of $10,500.00. Following the completion of the sale, the director directly owned 615,736 shares of the company’s stock, valued at approximately $646,522.80. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 20th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.10, for a total value of $11,000.00.
• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total value of $10,600.00.
• On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.17, for a total value of $23,400.00.
• On Tuesday, July 21st, Fernando Adrian Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.13, for a total value of $16,950.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were 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 transaction of $88,200.00.

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

CRESY stock opened at $11.22 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. The firm has a market capitalization of $708.88 million, a PE ratio of 5.05 and a beta of 0.73. The stock’s 50 day moving average is $11.04. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21.

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

Analyst Upgrades and Downgrades

CRESY has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. Wall Street Zen lowered 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 data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CRESY. Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after acquiring an additional 519,091 shares during the last quarter. VR Advisory Services Ltd lifted its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after purchasing an additional 470,365 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cresud S.A.C.I.F. y A. by 234.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after purchasing an additional 80,213 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 303.3% during the 4th quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock worth $1,063,000 after purchasing an additional 63,273 shares during the last quarter. Finally, OceanIQ Capital LLC bought a new stake in Cresud S.A.C.I.F. y A. during the 2nd quarter valued at approximately $650,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.