Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sets New 52-Week Low – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares reached a new 52-week low during trading on Monday . The company traded as low as $0.0308 and last traded at $10.42, with a volume of 298 shares trading hands. The stock had previously closed at $10.63.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43. The firm has a market capitalization of $677.29 million, a P/E ratio of 4.80 and a beta of 0.71. The stock’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.80.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Thursday, May 7th. The company reported $999.00 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.17%.

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

In other news, Director Eduardo S. Elsztain bought 58,595 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $10.57 per share, with a total value of $619,349.15. Following the transaction, the director directly owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This trade represents a 0.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alejandro Gustavo Elsztain bought 13,375 shares of the stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average price of $11.23 per share, with a total value of $150,201.25. Following the completion of the acquisition, the director directly owned 1,203,206 shares in the company, valued at approximately $13,512,003.38. This trade represents a 1.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 85,251 shares of company stock worth $913,621 over the last 90 days. 36.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 66.2% during the second quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock valued at $1,066,000 after purchasing an additional 39,488 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $25,000. Pekin Hardy Strauss Inc. purchased a new position in Cresud S.A.C.I.F. y A. during the third quarter valued at approximately $150,000. Finally, R Squared Ltd bought a new position in Cresud S.A.C.I.F. y A. in the third quarter worth approximately $229,000. 12.90% of the stock is currently owned by institutional investors.

Cresud S.A.C.I.F. y A. Company Profile

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.