Key Points
- Director Alejandro Elsztain bought 100,000 Cresud shares at an average price of $0.89, investing $89,000. The purchase increased his direct holding to 7,519,918 shares.
- CRESY rose $0.79 to $9.74 in Friday’s mid-day trading. The stock has a consensus Hold rating, based on one analyst rating.
- For its latest reported quarter, Cresud posted earnings of $1.14 per share on revenue of $298.16 million, with a 9.75% net margin.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Elsztain purchased 100,000 shares of the stock in a transaction that occurred on Thursday, November 12th. The stock was bought at an average cost of $0.89 per share, with a total value of $89,000.00. Following the completion of the transaction, the director directly owned 7,519,918 shares in the company, valued at $6,692,727.02. The trade was a 1.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Thursday, October 15th, Alejandro Elsztain acquired 8,295 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average price of $11.18 per share, for a total transaction of $92,738.10.
Cresud S.A.C.I.F. y A. Stock Performance
CRESY traded up $0.79 during mid-day trading on Friday, reaching $9.74. 824,679 shares of the stock were exchanged, compared to its average volume of 258,147. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.13. The stock has a market capitalization of $628.52 million, a PE ratio of 7.10 and a beta of 0.68. The business has a 50 day moving average of $11.26. Cresud S.A.C.I.F. y A. has a 1 year low of $8.74 and a 1 year high of $14.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted 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 9.75% and a return on equity of 4.68%. The firm had revenue of $298.16 million during the quarter.
Cresud S.A.C.I.F. y A. Dividend Announcement
The company also recently declared an annual dividend, which was paid on Thursday, November 12th. Investors of record on Monday, November 2nd were given a dividend of $0.7494 per share. This represents a dividend yield of 752.0%. The ex-dividend date of this dividend was Monday, November 2nd. Cresud S.A.C.I.F. y A.'s dividend payout ratio (DPR) is presently 37.14%.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Cresud S.A.C.I.F. y A. from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 16th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of "Hold".
Check Out Our Latest Stock Analysis on CRESY
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
An institutional investor recently raised its stake in Cresud S.A.C.I.F. y A. stock. OceanIQ Capital LLC increased its stake in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 8.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,340 shares of the company's stock after purchasing an additional 4,892 shares during the period. OceanIQ Capital LLC owned 0.11% of Cresud S.A.C.I.F. y A. worth $770,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.90% of the company's stock.
About Cresud S.A.C.I.F. y A.
(
Get Free Report)
Cresud S.A.C.I.F. y A. is an Argentine agribusiness company focused on owning, developing and operating agricultural land. Its activities include producing crops and livestock, leasing farmland and buying, selling or improving rural properties. The company's operations span Argentina and other South American markets, including Brazil, Paraguay and Bolivia. Cresud also has exposure to the region's real estate sector through its investment in IRSA, an Argentine property company. Founded in 1936, Cresud has grown from its roots in Argentine agriculture into a regional land and agribusiness business.
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