Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 12-Month Low - Here's What Happened

Key Points

• 52‑week low: Cresud (NASDAQ:CRESY) reportedly hit a new 52‑week low, trading as low as $0.0308 while last trading at $11.10 on a volume of 202,100 shares.
• The company has a market cap of $701.3 million, a P/E of 3.75 and modest leverage (debt‑to‑equity 0.52), with 50‑ and 200‑day moving averages near $11.73 and $11.89.
• Analyst sentiment is a consensus Hold (with one recent upgrade to Buy), insiders own 36.20% after a director purchased 4,458 shares at $11.20, and institutional ownership is about 12.9% with several funds increasing positions.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $0.0308 and last traded at $11.10, with a volume of 202100 shares changing hands. The stock had previously closed at $11.10.

Wall Street Analysts Forecast Growth

CRESY has been the topic of several research reports. Weiss Ratings restated 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, According to MarketBeat.com, the company has a consensus rating of "Hold".

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

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 1.07. The stock has a market cap of $701.30 million, a price-to-earnings ratio of 3.75 and a beta of 0.71. The firm has a fifty day moving average of $11.73 and a 200 day moving average of $11.89.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 EPS 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%.The firm had revenue of $211.85 million during the quarter.

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Alejandro Gustavo Elsztain purchased 4,458 shares of the business's stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average price of $11.20 per share, with a total value of $49,929.60. Following the completion of the acquisition, the director owned 1,207,564 shares in the company, valued at $13,524,716.80. This trade represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 36.20% of the company's stock.

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

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

About Cresud S.A.C.I.F. y A.

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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