Insider Selling: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells $11,000.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $1.10, for a total value of $11,000.00. Following the sale, the director directly owned 625,736 shares in the company, valued at approximately $688,309.60. This trade represents a 1.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total value of $10,600.00.
• 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 stock was sold at an average price of $1.26, for a total value of $88,200.00.

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

NASDAQ:CRESY opened at $11.17 on Monday. The business’s 50-day moving average price is $11.10. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The company has a market capitalization of $705.77 million, a PE ratio of 5.03 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its quarterly earnings data 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 business had revenue of $182.78 million during the quarter.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CRESY. Bank of America Corp DE grew its holdings in Cresud S.A.C.I.F. y A. by 464.8% during the 4th 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. Sei Investments Co. lifted its stake 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 period. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at about $25,000. Virtu Financial LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter valued at about $144,000. Finally, Centiva Capital LP bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter valued at about $163,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen cut 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 reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. currently 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.