Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Acquires 13,375 Shares

Key Points

• Insider purchases: Director Alejandro Gustavo Elsztain bought 13,375 shares on April 22 at $11.23 ($150,201.25) and 4,458 shares on April 23 at $11.20 ($49,929.60), raising his direct holdings to 1,203,206 shares—a 1.12% increase.
• CRESY traded up 1.1% to $11.05 on Friday with above-average volume, and the company has a market cap of $698.14M, a low P/E of 3.73, and a one-year trading range of $8.39–$14.21.
• Analyst and institutional activity: Wall Street Zen upgraded the stock to a buy while consensus remains "Hold," and several hedge funds (Systrade, Crocodile, Kopernik, Goldman) notably increased their positions, with institutional ownership around 12.9%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Gustavo Elsztain acquired 13,375 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Wednesday, April 22nd. The shares were purchased at an average price of $11.23 per share, for a total transaction of $150,201.25. Following the completion of the acquisition, the director directly owned 1,203,206 shares in the company, valued at $13,512,003.38. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, April 23rd, Alejandro Gustavo Elsztain bought 4,458 shares of Cresud S.A.C.I.F. y A. stock. The shares were acquired at an average cost of $11.20 per share, for a total transaction of $49,929.60.

Cresud S.A.C.I.F. y A. Stock Up 1.1%

CRESY stock traded up $0.12 during trading on Friday, hitting $11.05. 320,500 shares of the company's stock traded hands, compared to its average volume of 255,774. The firm has a market capitalization of $698.14 million, a P/E ratio of 3.73 and a beta of 0.89. The business has a fifty day simple moving average of $11.71 and a two-hundred day simple moving average of $11.85. The company has a quick ratio of 1.07, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $211.85 million for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.

Analyst Upgrades and Downgrades

CRESY has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a report on Saturday, January 17th. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of "Hold".

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

Several large investors have recently made changes to their positions in the company. Systrade AG increased its position in shares of Cresud S.A.C.I.F. y A. by 190.5% in the fourth quarter. Systrade AG now owns 1,064,993 shares of the company's stock valued at $13,451,000 after buying an additional 698,341 shares in the last quarter. Crocodile Capital Partners GmbH raised its stake in shares of Cresud S.A.C.I.F. y A. by 438.1% during the 4th quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company's stock worth $9,689,000 after buying an additional 624,614 shares during the period. Kopernik Global Investors LLC lifted its position in shares of Cresud S.A.C.I.F. y A. by 13.9% during the 4th quarter. Kopernik Global Investors LLC now owns 4,246,881 shares of the company's stock valued at $53,638,000 after buying an additional 519,091 shares in the last quarter. VR Advisory Services Ltd lifted its position in shares of Cresud S.A.C.I.F. y A. by 113.0% during the 3rd quarter. VR Advisory Services Ltd now owns 886,474 shares of the company's stock valued at $8,156,000 after buying an additional 470,365 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Cresud S.A.C.I.F. y A. by 234.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 114,368 shares of the company's stock valued at $1,444,000 after acquiring an additional 80,213 shares during the period. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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.

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