Eduardo Elsztain Buys 8,823 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Eduardo Elsztain bought 8,823 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of $10.67 per share, for a total transaction of $94,141.41. Following the completion of the transaction, the director directly owned 9,854,101 shares in the company, valued at approximately $105,143,257.67. This trade represents a 0.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cresud S.A.C.I.F. y A. Trading Down 0.6%

Shares of CRESY opened at $10.63 on Friday. The stock’s fifty day simple moving average is $11.32 and its 200 day simple moving average is $11.80. 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. has a twelve month low of $8.39 and a twelve month high of $14.21. The firm has a market capitalization of $671.60 million, a P/E ratio of 4.79 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Thursday, May 7th. The company reported $999.00 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.17% and a net margin of 17.44%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of CRESY. Systrade AG increased its position in shares of Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after acquiring an additional 698,341 shares during the last quarter. Crocodile Capital Partners GmbH increased its position in shares of Cresud S.A.C.I.F. y A. by 438.1% during the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after acquiring an additional 624,614 shares during the last quarter. Kopernik Global Investors LLC increased its position in shares of Cresud S.A.C.I.F. y A. by 13.9% during the fourth quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company’s stock worth $53,638,000 after acquiring an additional 519,091 shares during the last quarter. VR Advisory Services Ltd increased its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after acquiring an additional 470,365 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Cresud S.A.C.I.F. y A. by 234.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company’s stock worth $1,444,000 after acquiring an additional 80,213 shares during the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reissued 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 raised 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, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.