Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain Sells 70,000 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $1.26, for a total value of $88,200.00. Following the transaction, the director owned 685,121 shares of the company’s stock, valued at $863,252.46. The trade was a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 22nd, Fernando Adrian Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.17, for a total value of $23,400.00.
• 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 value 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 value of $4,867.35.

Cresud S.A.C.I.F. y A. Trading Up 2.2%

Shares of NASDAQ:CRESY opened at $11.61 on Friday. 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 capitalization of $733.57 million, a P/E ratio of 5.23 and a beta of 0.73. The firm has a 50 day moving average of $11.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05.

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 business 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%.

Wall Street Analyst Weigh In

Several research firms recently commented on CRESY. Wall Street Zen lowered 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position 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 valued at $103,000 after buying an additional 6,679 shares in the last quarter. Sei Investments Co. increased its holdings in Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company’s stock worth $1,066,000 after acquiring an additional 39,488 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Virtu Financial LLC acquired a new position in Cresud S.A.C.I.F. y A. during the third quarter worth $144,000. Finally, Centiva Capital LP purchased a new position in Cresud S.A.C.I.F. y A. during the third quarter valued at $163,000. 12.90% of the stock is currently owned by hedge funds and other 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.