Fernando Adrian Elsztain Sells 10,000 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Fernando Adrian Elsztain sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $1.10, for a total value of $11,000.00. Following the completion of the transaction, the director directly owned 625,736 shares of the company’s stock, valued at $688,309.60. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.06, for a total transaction of $10,600.00.
• On Wednesday, July 22nd, Fernando Adrian 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 transaction of $23,400.00.
• On Tuesday, July 21st, Fernando Adrian 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 Adrian Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.11, for a total transaction of $4,867.35.
• On Thursday, June 11th, Fernando Adrian Elsztain sold 70,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.26, for a total transaction of $88,200.00.

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

Shares of Cresud S.A.C.I.F. y A. stock opened at $11.17 on Friday. The stock has a 50-day moving average price of $11.10. 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. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm has a market capitalization of $705.72 million, a P/E ratio of 5.03 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share for the quarter. The firm 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%.

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

Institutional investors have recently bought and sold shares of the company. R Squared Ltd increased 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 worth $223,000 after buying an additional 2,253 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Van ECK Associates Corp lifted its position in shares of Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after acquiring an additional 2,957 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after acquiring an additional 6,679 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in shares of Cresud S.A.C.I.F. y A. by 56.7% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 25,461 shares of the company’s stock worth $322,000 after acquiring an additional 9,211 shares during the last quarter. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. 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. One analyst has rated the stock with a Hold rating, According to MarketBeat, Cresud S.A.C.I.F. y A. 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.