Key Points
- Director Fernando Adrian Elsztain sold 10,000 Cresud shares at an average price of $1.05, generating $10,500 and reducing his ownership by 1.6% to 615,736 shares.
- The sale continues a broader selling pattern: Elsztain has sold multiple blocks since June, totaling more than $165,000 in reported transactions.
- Cresud shares opened at $11.19, with a market capitalization of approximately $707 million and a 52-week range of $8.39 to $14.21. 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 Cresud S.A.C.I.F. y A. stock in a transaction on Monday, August 24th. The shares were sold at an average price of $1.05, for a total value of $10,500.00. Following the transaction, the director owned 615,736 shares in the company, valued at $646,522.80. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Fernando Adrian Elsztain also recently made the following trade(s):
- On Thursday, August 20th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.10, for a total value of $11,000.00.
- On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total value 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 transaction 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 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 shares were 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 shares were sold at an average price of $1.26, for a total value of $88,200.00.
Cresud S.A.C.I.F. y A. Stock Down 1.0%
Shares of Cresud S.A.C.I.F. y A. stock opened at $11.19 on Thursday. The stock has a market capitalization of $707.03 million, a P/E ratio of 5.04 and a beta of 0.73. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $11.04. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $182.78 million during 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%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. OceanIQ Capital LLC bought a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $650,000. Kopernik Global Investors LLC lifted its position in Cresud S.A.C.I.F. y A. by 4.0% during the first 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. Acuitas Investments LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter worth $127,000. R Squared Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after buying an additional 2,253 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter valued at about $381,000. 12.90% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CRESY shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a report 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 report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of "Hold".
Read Our Latest Stock Analysis on CRESY
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.
Further Reading
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