Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Releases Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) announced its quarterly earnings data on Thursday. The company reported $999.00 earnings per share for the quarter, reports. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

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

Shares of CRESY stock traded down $0.09 during mid-day trading on Friday, reaching $11.14. The stock had a trading volume of 80,030 shares, compared to its average volume of 254,402. The business’s fifty day moving average is $11.69 and its 200-day moving average is $11.87. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52. The firm has a market cap of $703.87 million, a price-to-earnings ratio of 3.76 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CRESY shares. Wall Street Zen raised Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued 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, According to MarketBeat.com, Cresud S.A.C.I.F. y A. currently has an average rating of “Hold”.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain bought 4,458 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average cost of $11.20 per share, with a total value of $49,929.60. Following the completion of the acquisition, the director directly owned 1,207,564 shares in the company, valued at approximately $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 36.20% of the stock is currently owned by company insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Van ECK Associates Corp grew its holdings 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 worth $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE grew its holdings 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 worth $103,000 after acquiring an additional 6,679 shares during the period. PharVision Advisers LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth about $135,000. Finally, Virtu Financial LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the third quarter worth about $144,000. 12.90% of the stock is 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.