Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Acquires 18,200 Shares

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain acquired 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Friday, June 5th. The stock was purchased at an average cost of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director directly owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, April 23rd, Alejandro Gustavo Elsztain bought 4,458 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average cost of $11.20 per share, for a total transaction of $49,929.60.
• On Wednesday, April 22nd, Alejandro Gustavo Elsztain bought 13,375 shares of Cresud S.A.C.I.F. y A. stock. The shares were bought at an average cost of $11.23 per share, for a total transaction of $150,201.25.

Cresud S.A.C.I.F. y A. Stock Down 3.5%

Shares of NASDAQ:CRESY traded down $0.40 during mid-day trading on Friday, hitting $10.92. 198,277 shares of the company traded hands, compared to its average volume of 261,733. The stock has a market cap of $689.97 million, a price-to-earnings ratio of 4.92 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $182.78 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

Analyst Ratings Changes

Several research firms have weighed in on CRESY. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. presently has an average rating of “Hold”.

Institutional Trading of Cresud S.A.C.I.F. y A.

Hedge funds have recently made changes to their positions in the company. Steadtrust LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 0.8% during the 4th quarter. Steadtrust LLC now owns 134,608 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,108 shares during the period. Comprehensive Money Management Services LLC raised its stake in shares of Cresud S.A.C.I.F. y A. by 1.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,522 shares during the period. R Squared Ltd raised its stake in shares of Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $25,000. Finally, Van ECK Associates Corp increased its stake in Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock worth $73,000 after acquiring an additional 2,957 shares during the last quarter. 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.