Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) Director Alejandro Elsztain bought 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, October 15th. The stock was acquired at an average cost of $11.18 per share, with a total value of $92,738.10. Following the transaction, the director owned 1,251,393 shares of the company’s stock, valued at $13,990,573.74. This trade represents a 0.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cresud S.A.C.I.F. y A. Stock Performance
Shares of CRESY stock traded up $0.14 on Thursday, hitting $11.30. The company’s stock had a trading volume of 117,236 shares, compared to its average volume of 265,171. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.91 and a fifty-two week high of $14.21. The company has a market cap of $714.30 million, a P/E ratio of 6.32 and a beta of 0.68. The business has a 50 day simple moving average of $11.62. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last issued its quarterly earnings data on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. The business had revenue of $298.16 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%.
Institutional Trading of Cresud S.A.C.I.F. y A.
Several large investors have recently modified their holdings of CRESY. Kopernik Global Investors LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after purchasing an additional 168,662 shares during the period. OceanIQ Capital LLC acquired a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at about $650,000. R Squared Ltd raised its stake in Cresud S.A.C.I.F. y A. by 14.7% in the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares in the last quarter. Finally, Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. during the first quarter worth about $127,000. 12.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, Weiss Ratings cut shares of Cresud S.A.C.I.F. y A. from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Analysis on CRESY
About Cresud S.A.C.I.F. y A.
Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.
Cresud’s farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.
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