Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain Buys 58,595 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain purchased 58,595 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $10.57 per share, for a total transaction of $619,349.15. Following the purchase, the director owned 9,845,278 shares in the company, valued at $104,064,588.46. The trade was a 0.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

Shares of NASDAQ:CRESY traded down $0.20 on Friday, reaching $10.49. 168,438 shares of the company’s stock were exchanged, compared to its average volume of 256,561. The company has a fifty day moving average of $11.39 and a 200-day moving average of $11.82. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.21. The company has a market capitalization of $662.57 million, a price-to-earnings ratio of 4.73 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (EPS) 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%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter worth approximately $25,000. Van ECK Associates Corp lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% during 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 period. Bank of America Corp DE lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares during the period. Salzhauer Michael bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $126,000. Finally, Acuitas Investments LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $127,000. Institutional investors own 12.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings restated 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 upgraded shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cresud S.A.C.I.F. y A. 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.