Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Up 8.2% – Should You Buy?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s stock price shot up 8.2% during mid-day trading on Thursday . The company traded as high as $12.58 and last traded at $12.5460. 195,993 shares traded hands during trading, a decline of 25% from the average session volume of 260,711 shares. The stock had previously closed at $11.59.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRESY. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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

The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $780.90 million, a price-to-earnings ratio of 5.57 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The company had revenue of $182.78 million during the quarter.

Insider Buying and Selling

In other Cresud S.A.C.I.F. y A. news, Director Alejandro Gustavo Elsztain purchased 18,200 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the completion of the transaction, the director owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. This represents a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Eduardo S. Elsztain purchased 8,823 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of $10.67 per share, with a total value of $94,141.41. Following the completion of the transaction, the director owned 9,854,101 shares of the company’s stock, valued at $105,143,257.67. This represents a 0.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 103,451 shares of company stock valued at $1,112,911. 36.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. during the second quarter valued at approximately $25,000. Van ECK Associates Corp raised its position in Cresud S.A.C.I.F. y A. by 103.9% during the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after purchasing an additional 2,957 shares in the last quarter. Bank of America Corp DE raised its position in Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after purchasing an additional 6,679 shares in the last quarter. Acuitas Investments LLC acquired a new position in Cresud S.A.C.I.F. y A. during the first quarter valued at approximately $127,000. Finally, Salzhauer Michael acquired a new position in Cresud S.A.C.I.F. y A. during the fourth quarter valued at approximately $126,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.