Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Sees Unusually-High Trading Volume – Should You Buy?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) saw unusually-high trading volume on Wednesday . 452,584 shares traded hands during trading, an increase of 74% from the previous session’s volume of 260,038 shares.The stock last traded at $10.9620 and had previously closed at $11.21.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRESY shares. 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 Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock 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 firm has a market cap of $677.61 million, a P/E ratio of 4.83 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $182.78 million during 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%.

Insider Activity

In other news, Director Eduardo S. Elsztain purchased 8,823 shares of the stock in a transaction that occurred on 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 purchase, the director owned 9,854,101 shares in the company, valued at $105,143,257.67. This represents a 0.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the transaction, the director owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This represents a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 103,451 shares of company stock valued at $1,112,911. 36.20% of the stock is owned by corporate insiders.

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

Hedge funds have recently bought and sold shares of the company. Kopernik Global Investors LLC increased its stake in shares of Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after purchasing an additional 168,662 shares during the period. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. during the first quarter worth $127,000. R Squared Ltd raised its stake in Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after purchasing an additional 2,253 shares during the last quarter. XTX Topco Ltd acquired a new stake in Cresud S.A.C.I.F. y A. in the 4th quarter worth $381,000. Finally, State of Wisconsin Investment Board bought a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth about $270,000. 12.90% of the stock is currently 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.