Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Announces Quarterly Earnings Results

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) released its quarterly earnings data on Thursday. The company reported $999.00 EPS for the quarter, reports. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

Cresud S.A.C.I.F. y A. Stock Performance

Shares of CRESY stock traded down $0.09 during trading hours on Friday, reaching $11.14. 80,030 shares of the company traded hands, compared to its average volume of 254,402. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The company has a market cap of $703.87 million, a P/E ratio of 3.76 and a beta of 0.71. The firm has a 50-day moving average price of $11.69 and a 200 day moving average price of $11.87.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In related news, Director Alejandro Gustavo Elsztain acquired 13,375 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were purchased at an average cost of $11.23 per share, with a total value of $150,201.25. Following the transaction, the director directly owned 1,203,206 shares in the company, valued at approximately $13,512,003.38. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 36.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kopernik Global Investors LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock valued at $53,638,000 after buying an additional 519,091 shares in the last quarter. VR Advisory Services Ltd lifted its position in shares of 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 valued at $8,156,000 after buying an additional 470,365 shares in the last quarter. Sei Investments Co. lifted its position in shares of 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 buying an additional 18,215 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cresud S.A.C.I.F. y A. by 234.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock valued at $1,444,000 after buying an additional 80,213 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 303.3% during the 4th quarter. Jane Street Group LLC now owns 84,132 shares of the company’s stock valued at $1,063,000 after buying an additional 63,273 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Cresud S.A.C.I.F. y A.

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.