Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 20,000 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $1.17, for a total value of $23,400.00. Following the completion of the sale, the director directly owned 645,736 shares of the company’s stock, valued at approximately $755,511.12. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Fernando Adrian Elsztain also recently made the following trade(s):

• On Tuesday, July 21st, Fernando Adrian Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.13, for a total transaction of $16,950.00.
• On Monday, July 6th, Fernando Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.11, for a total transaction of $4,867.35.
• On Thursday, June 11th, Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00.

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

NASDAQ CRESY traded up $0.25 during trading on Thursday, hitting $11.61. 172,475 shares of the company’s stock traded hands, compared to its average volume of 271,746. The business’s fifty day moving average price is $11.28. Cresud S.A.C.I.F. y A. has a 12-month low of $8.39 and a 12-month high of $14.21. The firm has a market cap of $733.52 million, a price-to-earnings ratio of 5.23 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The firm 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%.

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

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Cresud S.A.C.I.F. y A. in the second quarter worth about $25,000. Van ECK Associates Corp lifted its holdings 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 buying an additional 2,957 shares during the period. Bank of America Corp DE lifted its holdings in 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 worth $103,000 after buying 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. in 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. in the 1st quarter worth approximately $127,000. 12.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently 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 note 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 note on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus 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.