Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sees Strong Trading Volume – Should You Buy?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw unusually-strong trading volume on Wednesday . Approximately 452,584 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 260,038 shares.The stock last traded at $10.9620 and had previously closed at $11.21.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRESY. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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

The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $677.61 million, a price-to-earnings ratio of 4.83 and a beta of 0.71.

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. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.The business had revenue of $182.78 million for the quarter.

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 that occurred 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 completion of the purchase, the director owned 9,845,278 shares of the company’s stock, valued at $104,064,588.46. This represents a 0.60% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alejandro Gustavo Elsztain bought 18,200 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $10.95 per share, with a total value of $199,290.00. Following the completion of the purchase, the director directly owned 1,225,764 shares in the company, valued at $13,422,115.80. The trade was a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 103,451 shares of company stock valued at $1,112,911 over the last three months. 36.20% of the stock is owned by company insiders.

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

Several hedge funds have recently added to or reduced their stakes in CRESY. Kopernik Global Investors LLC lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 4.0% during the first 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 in the last quarter. Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. in the 1st quarter valued at about $127,000. R Squared Ltd boosted its holdings in Cresud S.A.C.I.F. y A. by 14.7% in 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. XTX Topco Ltd acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $381,000. Finally, State of Wisconsin Investment Board acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $270,000. 12.90% of the stock is owned by institutional investors and hedge funds.

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.