Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Buys 4,458 Shares

Key Points

• Alejandro Gustavo Elsztain purchased a total of 17,833 Cresud shares across April 22–23 (13,375 at $11.23 and 4,458 at $11.20), spending about $200,131 and increasing his stake to 1,207,564 shares.
• CRESY shares recently traded at $11.05 (up $0.12), the company has a market cap of roughly $698.1M, a P/E of 3.73 and a 52‑week range of $8.39–$14.21.
• Analyst coverage is mixed with a MarketBeat consensus of Hold, while several institutions (notably Crocodile Capital and Systrade) have materially increased positions and institutional ownership stands around 12.9%.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Gustavo Elsztain purchased 4,458 shares of the stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of $11.20 per share, for a total transaction of $49,929.60. Following the completion of the purchase, the director owned 1,207,564 shares in the company, valued at approximately $13,524,716.80. This trade represents a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, April 22nd, Alejandro Gustavo Elsztain acquired 13,375 shares of Cresud S.A.C.I.F. y A. stock. The stock was bought at an average price of $11.23 per share, with a total value of $150,201.25.

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

CRESY stock traded up $0.12 during trading on Friday, reaching $11.05. 320,500 shares of the company were exchanged, compared to its average volume of 255,774. The company has a market cap of $698.14 million, a P/E ratio of 3.73 and a beta of 0.89. Cresud S.A.C.I.F. y A. has a 52-week low of $8.39 and a 52-week high of $14.21. The stock's 50 day moving average price is $11.71 and its 200 day moving average price is $11.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRESY. Crocodile Capital Partners GmbH boosted 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 purchasing an additional 624,614 shares during the last quarter. Systrade AG grew its stake in Cresud S.A.C.I.F. y A. by 190.5% in the 4th quarter. Systrade AG now owns 1,064,993 shares of the company's stock worth $13,451,000 after acquiring an additional 698,341 shares during the period. Banco BTG Pactual S.A. acquired a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $400,000. R Squared Ltd purchased a new position in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $229,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $150,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CRESY shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. Wall Street Zen upgraded Cresud S.A.C.I.F. y A. from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently 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.

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