Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 52-Week Low – Time to Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price reached a new 52-week low on Monday. The stock traded as low as $10.20 and last traded at $10.22, with a volume of 5,721 shares traded. The stock had previously closed at $10.77.

Analyst Ratings Changes

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Down 7.0%

The stock has a market capitalization of $632.79 million, a PE ratio of 5.55 and a beta of 0.68. The business’s fifty day moving average is $11.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.13 and a current ratio of 1.47.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results 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 5.97% and a net margin of 12.93%. The firm had revenue of $298.16 million for the quarter.

Cresud S.A.C.I.F. y A. Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 29th. Investors of record on Monday, November 2nd were given a dividend of $0.7494 per share. The ex-dividend date of this dividend was Monday, November 2nd. Cresud S.A.C.I.F. y A.’s dividend payout ratio is currently 37.43%.

Insider Activity at Cresud S.A.C.I.F. y A.

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 dated Thursday, September 10th. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00. Following the completion of the transaction, the director owned 515,736 shares in the company, valued at approximately $644,670. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alejandro Elsztain bought 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, October 15th. The stock was purchased at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the acquisition, the director directly owned 1,251,393 shares of the company’s stock, 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. Insiders sold a total of 130,000 shares of company stock valued at $155,000 over the last three months. Insiders own 36.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $127,000. R Squared Ltd raised its position in Cresud S.A.C.I.F. y A. by 14.7% in the 1st 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 stake in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $650,000. Finally, Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 4.0% during the 1st 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 period. Institutional investors and hedge funds own 12.90% of the company’s stock.

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.