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

Key Points

• Director Fernando Adrian Elsztain sold 10,000 Cresud shares at an average price of $1.06, generating $10,600. Following the sale, he owned 635,736 shares, a 1.55% reduction in his position.
• Elsztain has also sold shares in four other transactions since June, totaling 109,385 shares and approximately $133,417, indicating continued insider selling.
• CRESY shares recently traded at $10.65, below their 50-day moving average of $11.22. The stock carries a consensus “Hold” rating, while the company reported quarterly EPS of $0.45 and revenue of $182.78 million.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Adrian Elsztain sold 10,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $1.06, for a total value of $10,600.00. Following the completion of the transaction, the director directly owned 635,736 shares in the company, valued at $673,880.16. This represents a 1.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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. Price Performance

Cresud S.A.C.I.F. y A. stock traded down $0.05 during midday trading on Thursday, reaching $10.65. The stock had a trading volume of 93,830 shares, compared to its average volume of 266,874. The firm has a fifty day moving average of $11.22. Cresud S.A.C.I.F. y A. has a twelve month low of $8.39 and a twelve month high of $14.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market cap of $673.12 million, a price-to-earnings ratio of 4.80 and a beta of 0.73.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $0.45 earnings per share (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%.

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

A number of large investors have recently bought and sold shares of CRESY. Bank of America Corp DE grew its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th 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 in the last quarter. Sei Investments Co. raised its position in shares of Cresud S.A.C.I.F. y A. by 66.2% during the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company's stock valued at $1,066,000 after buying an additional 39,488 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cresud S.A.C.I.F. y A. during the 2nd quarter valued at $25,000. Virtu Financial LLC bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $144,000. Finally, Centiva Capital LP bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 3rd quarter worth $163,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRESY. Wall Street Zen cut shares of 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 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, 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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