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

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain bought 58,595 shares of the stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $10.57 per share, with a total value of $619,349.15. Following the acquisition, the director directly owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This trade represents a 0.60% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Cresud S.A.C.I.F. y A. Trading Down 1.9%

CRESY traded down $0.20 during trading 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’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.82. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm has a market capitalization of $662.57 million, a PE ratio of 4.73 and a beta of 0.71.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On Cresud S.A.C.I.F. y A.

Several institutional investors have recently added to or reduced their stakes in CRESY. Bank of America Corp DE lifted its position 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 valued at $103,000 after acquiring an additional 6,679 shares in the last quarter. Sei Investments Co. lifted its position 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 valued at $1,066,000 after acquiring an additional 39,488 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $25,000. Pekin Hardy Strauss Inc. bought a new stake in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $150,000. Finally, R Squared Ltd bought a new stake in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $229,000. 12.90% of the stock is owned by 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.