Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 12-Month Low – Should You Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.0308 and last traded at $10.42, with a volume of 298 shares changing hands. The stock had previously closed at $10.63.

Analysts Set New Price Targets

Separately, 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, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Up 0.8%

The firm has a market capitalization of $677.29 million, a PE ratio of 4.80 and a beta of 0.71. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $11.32 and its 200 day simple moving average is $11.80.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data 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%.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Eduardo S. Elsztain acquired 58,595 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $10.57 per share, for a total transaction of $619,349.15. Following the acquisition, the director owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This trade represents a 0.60% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alejandro Gustavo Elsztain acquired 13,375 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was acquired at an average cost of $11.23 per share, with a total value of $150,201.25. Following the transaction, the director directly owned 1,203,206 shares in the company, valued at approximately $13,512,003.38. This represents a 1.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 85,251 shares of company stock worth $913,621 over the last ninety days. Corporate insiders own 36.20% of the company’s stock.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of 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 last quarter. Sei Investments Co. raised its position 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 valued at $1,066,000 after purchasing an additional 39,488 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at approximately $25,000. Pekin Hardy Strauss Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the 3rd quarter worth approximately $150,000. Finally, R Squared Ltd acquired a new stake in Cresud S.A.C.I.F. y A. in the 3rd quarter worth approximately $229,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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.