Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Down 8.8% – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares traded down 8.8% on Monday. The stock traded as low as $10.40 and last traded at $10.4450. 68,113 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 262,260 shares. The stock had previously closed at $11.45.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Cresud S.A.C.I.F. y A. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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

The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $11.70. The company has a market capitalization of $676.03 million, a P/E ratio of 5.98 and a beta of 0.68.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Saturday, August 15th. The company reported $1.14 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 5.97% and a net margin of 12.93%. The firm had revenue of $298.16 million for the quarter.

Insider Activity

In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 65,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $1.25, for a total value of $81,250.00. Following the transaction, the director directly owned 515,736 shares of the company’s stock, valued at $644,670. This represents a 11.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alejandro Elsztain bought 8,295 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were bought at an average price of $11.18 per share, with a total value of $92,738.10. Following the completion of the transaction, the director owned 1,251,393 shares in the company, valued at approximately $13,990,573.74. This trade represents a 0.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 130,000 shares of company stock valued at $155,000 over the last quarter. 36.20% of the stock is currently owned by company insiders.

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

A number of institutional investors have recently modified their holdings of CRESY. OceanIQ Capital LLC boosted its holdings in shares of Cresud S.A.C.I.F. y A. by 8.0% during the 3rd quarter. OceanIQ Capital LLC now owns 66,340 shares of the company’s stock valued at $770,000 after acquiring an additional 4,892 shares in the last quarter. Kopernik Global Investors LLC grew its holdings in Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after acquiring an additional 168,662 shares during the last quarter. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. Finally, R Squared Ltd raised its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after acquiring an additional 2,253 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

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 farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties.

Cresud’s operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.