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 Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $1.06, for a total value of $10,600.00. Following the sale, the director owned 635,736 shares in the company, valued at $673,880.16. This represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $1.26, for a total transaction of $88,200.00.

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

NASDAQ:CRESY opened at $10.57 on Friday. The stock has a 50-day simple moving average of $11.20. The stock has a market cap of $667.85 million, a P/E ratio of 4.76 and a beta of 0.73. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 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 7.21%. The company had revenue of $182.78 million during the quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRESY shares. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently modified their holdings of the stock. Kopernik Global Investors LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 13.9% in the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after purchasing an additional 519,091 shares during the last quarter. VR Advisory Services Ltd grew its position in 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 valued at $8,156,000 after purchasing an additional 470,365 shares during the last quarter. Goldman Sachs Group Inc. grew its position in 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 valued at $1,444,000 after purchasing an additional 80,213 shares during the last quarter. Jane Street Group LLC grew its position in 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 valued at $1,063,000 after purchasing an additional 63,273 shares during the last quarter. Finally, Sei Investments Co. increased its stake in Cresud S.A.C.I.F. y A. by 66.2% during 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 in the last quarter. 12.90% of the stock is currently owned by institutional investors.

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

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.