Key Points
- Director Fernando Adrian Elsztain sold 10,000 Cresud shares at an average price of $1.10, worth $11,000, reducing his direct ownership by 1.57% to 625,736 shares.
- The sale follows several other insider disposals since June, totaling 119,385 shares sold at prices ranging from $1.06 to $1.26.
- CRESY opened at $11.17, with a $705.72 million market capitalization and a consensus analyst rating of Hold; institutional investors own 12.9% of the stock.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $1.10, for a total value of $11,000.00. Following the transaction, the director directly owned 625,736 shares in the company, valued at approximately $688,309.60. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Fernando Adrian Elsztain also recently made the following trade(s):
- On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.06, for a total transaction of $10,600.00.
- On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was 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 stock was sold at an average price of $1.13, for a total transaction 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 transaction 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. Price Performance
Shares of CRESY opened at $11.17 on Friday. The company has a market cap of $705.72 million, a price-to-earnings ratio of 5.03 and a beta of 0.73. The firm's 50-day moving average is $11.10. 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 quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.The business had revenue of $182.78 million during the quarter.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CRESY. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".
View Our Latest Analysis on CRESY
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
Several hedge funds have recently modified their holdings of CRESY. Kopernik Global Investors LLC raised its position in shares of Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock valued at $56,166,000 after purchasing an additional 168,662 shares during the last quarter. VR Advisory Services Ltd grew its position in Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company's stock worth $8,156,000 after purchasing an additional 470,365 shares during the last quarter. Ping Capital Management Inc. increased its stake in Cresud S.A.C.I.F. y A. by 11.6% during the 4th quarter. Ping Capital Management Inc. now owns 134,821 shares of the company's stock valued at $1,703,000 after purchasing an additional 14,021 shares in the last quarter. Sei Investments Co. increased its stake in Cresud S.A.C.I.F. y A. by 18.4% during the 3rd quarter. Sei Investments Co. now owns 117,331 shares of the company's stock valued at $1,079,000 after purchasing an additional 18,215 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Cresud S.A.C.I.F. y A. by 234.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company's stock worth $1,444,000 after buying an additional 80,213 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company's stock.
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.
Further Reading
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].
