Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $11.33. Cresud S.A.C.I.F. y A. shares last traded at $11.21, with a volume of 129,574 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 1.6%

The firm has a market capitalization of $695.66 million, a price-to-earnings ratio of 4.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

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

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Eduardo S. Elsztain acquired 58,595 shares of the stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the transaction, the director owned 9,845,278 shares of the company’s stock, valued at $104,064,588.46. This trade represents a 0.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 103,451 shares of company stock worth $1,112,911. 36.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Kopernik Global Investors LLC boosted its position in Cresud S.A.C.I.F. y A. by 4.0% during the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock valued at $56,166,000 after buying an additional 168,662 shares during the period. Acuitas Investments LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the first quarter valued at about $127,000. R Squared Ltd increased its position in shares of Cresud S.A.C.I.F. y A. by 14.7% in the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after acquiring an additional 2,253 shares during the period. XTX Topco Ltd bought a new position in shares of Cresud S.A.C.I.F. y A. during the fourth quarter valued at about $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 fourth quarter valued at about $270,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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.