Key Points
- Director Fernando Adrian Elsztain sold 10,000 Cresud shares at an average price of $1.06, generating $10,600 and reducing his holdings by 1.55% to 635,736 shares.
- The sale follows several earlier insider transactions, including 109,385 shares sold since June for approximately $133,417, indicating continued insider selling.
- CRESY shares opened at $10.60, below their 50-day average of $11.21. The company reported quarterly EPS of $0.45 and revenue of $182.78 million, while analysts maintain a consensus “Hold” rating.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Adrian Elsztain sold 10,000 shares of the business's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $1.06, for a total value of $10,600.00. Following the sale, the director owned 635,736 shares of the company's stock, valued at approximately $673,880.16. The trade was a 1.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fernando Adrian Elsztain also recently made the following trade(s):
- On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were 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 stock was 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. Trading Down 0.9%
Shares of NASDAQ:CRESY opened at $10.60 on Friday. 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. has a 1-year low of $8.39 and a 1-year high of $14.21. The company has a market cap of $669.71 million, a PE ratio of 4.77 and a beta of 0.73. The stock's 50-day moving average price is $11.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The company had revenue of $182.78 million during 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%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Van ECK Associates Corp raised its position in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock valued at $73,000 after purchasing an additional 2,957 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 6,679 shares during the last quarter. Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth about $127,000. Finally, Salzhauer Michael bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth about $126,000. 12.90% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CRESY shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".
Read Our Latest Stock 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.
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