Insider Selling: Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells $41,650.00 in Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Elsztain sold 35,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $1.19, for a total value of $41,650.00. Following the sale, the director owned 580,736 shares in the company, valued at $691,075.84. This represents a 5.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Fernando Adrian Elsztain also recently made the following trade(s):

• On Thursday, September 10th, Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.25, for a total value of $81,250.00.
• On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.05, for a total value of $10,500.00.
• On Thursday, August 20th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.10, for a total value of $11,000.00.
• On Wednesday, August 12th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.06, for a total value of $10,600.00.
• On Wednesday, July 22nd, Fernando Elsztain sold 20,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.17, for a total value of $23,400.00.
• On Tuesday, July 21st, Fernando Elsztain sold 15,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.13, for a total transaction of $16,950.00.
• On Monday, July 6th, Fernando Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.11, for a total transaction of $4,867.35.

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

CRESY opened at $12.02 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.66 and a fifty-two week high of $14.21. The stock’s 50 day simple moving average is $11.26. The company has a market cap of $759.42 million, a price-to-earnings ratio of 6.72 and a beta of 0.75.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $231.08 million during the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 6.18%.

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

A number of institutional investors have recently modified their holdings of the company. OceanIQ Capital LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $650,000. Kopernik Global Investors LLC lifted its holdings in 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 valued at $56,166,000 after buying an additional 168,662 shares during the period. Acuitas Investments LLC bought a new stake in Cresud S.A.C.I.F. y A. during the first quarter valued at $127,000. Finally, R Squared Ltd grew its holdings 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 worth $223,000 after acquiring an additional 2,253 shares during the period. 12.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cresud S.A.C.I.F. y A. Company Profile

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.

Cresud’s operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.