Key Points
- Alejandro Gustavo Elsztain, a Cresud director, bought 4,458 shares on April 23 at $11.20 and 13,375 shares on April 22 at $11.23, spending about $200,131 total and raising his direct stake to 1,207,564 shares (a 0.37% increase).
- CRESY trades near $11.05 (up ~1.1%), has a low P/E of 3.73 and market cap around $698 million, reported quarterly EPS of $0.35, and carries a consensus analyst rating of Hold.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Gustavo Elsztain acquired 4,458 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average cost of $11.20 per share, for a total transaction of $49,929.60. Following the purchase, the director directly owned 1,207,564 shares in the company, valued at $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Wednesday, April 22nd, Alejandro Gustavo Elsztain bought 13,375 shares of Cresud S.A.C.I.F. y A. stock. The stock was purchased at an average cost of $11.23 per share, with a total value of $150,201.25.
Cresud S.A.C.I.F. y A. Trading Up 1.1%
CRESY traded up $0.12 during mid-day trading on Friday, hitting $11.05. The stock had a trading volume of 320,500 shares, compared to its average volume of 255,774. The stock's fifty day simple moving average is $11.71 and its 200-day simple moving average is $11.85. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The firm has a market capitalization of $698.14 million, a price-to-earnings ratio of 3.73 and a beta of 0.89. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 23.88% and a return on equity of 10.34%. The company had revenue of $211.85 million during the quarter.
Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.
Large investors have recently made changes to their positions in the stock. Steadtrust LLC raised its holdings in shares of Cresud S.A.C.I.F. y A. by 0.8% during the fourth quarter. Steadtrust LLC now owns 134,608 shares of the company's stock worth $1,700,000 after acquiring an additional 1,108 shares during the period. Comprehensive Money Management Services LLC boosted its stake in Cresud S.A.C.I.F. y A. by 1.9% in the 4th quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company's stock worth $1,038,000 after purchasing an additional 1,522 shares during the period. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. during the 2nd quarter worth about $25,000. Van ECK Associates Corp increased its holdings in Cresud S.A.C.I.F. y A. by 103.9% during the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock worth $73,000 after purchasing an additional 2,957 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares during the period. Institutional investors own 12.90% of the company's stock.
Analyst Upgrades and Downgrades
CRESY has been the subject of a number of research analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a report on Saturday, January 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".
View Our Latest Analysis on CRESY
Cresud S.A.C.I.F. y A. Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
