Eduardo Elsztain Purchases 58,595 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain bought 58,595 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $10.57 per share, with a total value of $619,349.15. Following the completion of the purchase, the director owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. The trade was a 0.60% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

NASDAQ:CRESY opened at $10.63 on Friday. The stock has a market cap of $671.60 million, a P/E ratio of 4.79 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The company has a fifty day moving average price of $11.32 and a 200 day moving average price of $11.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after purchasing an additional 6,679 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after purchasing an additional 39,488 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter worth about $25,000. Pekin Hardy Strauss Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth about $150,000. Finally, R Squared Ltd bought a new stake in shares of Cresud S.A.C.I.F. y A. in the 3rd quarter worth about $229,000. Institutional investors own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

CRESY has been the topic of several analyst reports. 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. Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.