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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) posted its earnings results on Monday. The company reported $1.14 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $231.08 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%.

Cresud S.A.C.I.F. y A. Trading Up 0.1%

NASDAQ:CRESY opened at $12.08 on Wednesday. The firm has a market cap of $763.21 million, a price-to-earnings ratio of 5.44 and a beta of 0.75. Cresud S.A.C.I.F. y A. has a 1 year low of $8.41 and a 1 year high of $14.21. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $11.11.

Analyst Ratings Changes

CRESY has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Fernando Elsztain sold 70,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00. Following the completion of the sale, the director directly owned 685,121 shares in the company, valued at $863,252.46. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 139,385 shares of company stock worth $165,517 in the last three months. 36.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently bought and sold shares of the stock. 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. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter valued at about $25,000. Van ECK Associates Corp raised its position in shares of Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after buying an additional 2,957 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after buying an additional 6,679 shares during the period. Finally, Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the first quarter worth about $127,000. Institutional investors own 12.90% of the company’s stock.

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.