Key Points
- Director Fernando Elsztain sold 65,000 Cresud shares at an average price of $1.25, generating $81,250 and reducing his position by 11.19% to 515,736 shares.
- Elsztain has made several additional sales since July, bringing the article’s reported recent insider sales to more than 169,000 shares.
- Cresud reported quarterly revenue of $231.08 million and earnings of $1.14 per share, while analysts maintain an average “Hold” rating; institutional investors own 12.9% of the company.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Elsztain sold 35,000 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $1.19, for a total value of $41,650.00. Following the completion of the transaction, the director directly owned 580,736 shares in the company, valued at approximately $691,075.84. This represents a 5.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Fernando Adrian Elsztain also recently made the following trade(s):
- On Thursday, September 10th, Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.25, for a total transaction of $81,250.00.
- On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.05, for a total transaction of $10,500.00.
- On Thursday, August 20th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.10, for a total value of $11,000.00.
- On Wednesday, August 12th, Fernando 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 value of $10,600.00.
- On Wednesday, July 22nd, Fernando 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 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 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.
Cresud S.A.C.I.F. y A. Price Performance
Shares of NASDAQ:CRESY opened at $12.12 on Tuesday. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.41 and a fifty-two week 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. The firm has a market cap of $765.74 million, a P/E ratio of 6.77 and a beta of 0.75. The company has a 50 day moving average price of $11.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. The company had revenue of $231.08 million for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%.
Institutional Trading of Cresud S.A.C.I.F. y A.
A number of institutional investors have recently modified their holdings of the stock. Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $127,000. R Squared Ltd increased its holdings in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after buying an additional 2,253 shares in the last quarter. OceanIQ Capital LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $650,000. Finally, Kopernik Global Investors LLC lifted its stake 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 acquiring an additional 168,662 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
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 cut Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".
Read Our Latest Research Report on Cresud S.A.C.I.F. y A.
Cresud S.A.C.I.F. y A. Company Profile
(
Get Free Report)
Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.
Cresud's operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.
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