Key Points
- Director Eduardo Elsztain bought 8,823 shares of Cresud S.A.C.I.F. y A. at an average price of $10.67 per share, for a total of about $94,141.
- After the purchase, Elsztain’s direct holdings rose to 9,854,101 shares, valued at roughly $105.1 million, marking a 0.09% increase in his position.
- Cresud shares were trading around $10.60 on Friday, near the lower end of their $8.39 to $14.21 12-month range, while analysts’ average rating remained Hold.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Eduardo Elsztain purchased 58,595 shares of the business's stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $10.57 per share, with a total value of $619,349.15. Following the acquisition, the director owned 9,845,278 shares in the company, valued at $104,064,588.46. This trade represents a 0.60% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Cresud S.A.C.I.F. y A. Price Performance
Shares of NASDAQ CRESY traded down $0.20 during midday trading on Friday, reaching $10.49. 168,438 shares of the company were exchanged, compared to its average volume of 256,561. The stock's 50-day moving average price is $11.39 and its 200-day moving average price is $11.82. The stock has a market cap of $662.57 million, a P/E ratio of 4.73 and a beta of 0.71. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.52.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $999.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Weiss Ratings reaffirmed 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 raised shares of Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Analysis on CRESY
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at $25,000. Van ECK Associates Corp raised its stake in shares of Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock valued at $73,000 after acquiring an additional 2,957 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after acquiring an additional 6,679 shares during the last quarter. Salzhauer Michael bought a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter valued at $126,000. Finally, Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at $127,000. Institutional investors own 12.90% of the company's stock.
About Cresud S.A.C.I.F. y A.
(
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.
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