Key Points
- Director Alejandro Elsztain bought 8,295 Cresud shares at an average price of $11.18, investing $92,738.10 and increasing his ownership by 0.67% to 1,251,393 shares.
- CRESY opened at $11.39, with a market capitalization of $719.62 million, a P/E ratio of 6.36, and a 52-week trading range of $8.91 to $14.21. The company most recently reported quarterly EPS of $1.14 on revenue of $298.16 million.
- Analyst sentiment remains cautious: Weiss Ratings downgraded the stock while the broader consensus rating is Hold. Institutional investors and hedge funds own approximately 12.90% of Cresud’s shares.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Elsztain acquired 8,295 shares of the firm's stock in a transaction on Thursday, October 15th. The shares were bought at an average cost of $11.18 per share, with a total value of $92,738.10. Following the completion of the acquisition, the director owned 1,251,393 shares in the company, valued at $13,990,573.74. This represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
Cresud S.A.C.I.F. y A. Stock Performance
CRESY opened at $11.39 on Friday. The business has a 50-day moving average of $11.63. The company has a market cap of $719.62 million, a P/E ratio of 6.36 and a beta of 0.68. Cresud S.A.C.I.F. y A. has a 1-year low of $8.91 and a 1-year high of $14.21. 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. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) 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%. The business had revenue of $298.16 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Cresud S.A.C.I.F. y A. from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, October 2nd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Check Out Our Latest Research Report on Cresud S.A.C.I.F. y A.
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
A number of hedge funds and other institutional investors have recently bought and sold shares of CRESY. Kopernik Global Investors LLC grew its stake in Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock worth $56,166,000 after buying an additional 168,662 shares during the last quarter. OceanIQ Capital LLC acquired a new stake in Cresud S.A.C.I.F. y A. in the second quarter worth $650,000. R Squared Ltd increased its position in Cresud S.A.C.I.F. y A. by 14.7% in 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 during the period. Finally, Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.
About Cresud S.A.C.I.F. y A.
(
Get Free Report)
Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.
Cresud's farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.
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