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

Key Points

• Director Fernando Adrian Elsztain sold 10,000 Cresud shares at an average price of $1.10, generating $11,000 and reducing his ownership by 1.57% to 625,736 shares. The sale follows several additional disposals since June totaling more than 119,000 shares.
• CRESY shares rose 1.0% to $11.09, while the company reported quarterly revenue of $182.78 million and earnings of $0.45 per share. Cresud had a 17.44% net margin and a price-to-earnings ratio of 5.00.
• Analyst sentiment remains cautious, with the stock carrying an overall “Hold” rating. Institutional investors own 12.90% of Cresud’s shares, with several funds recently initiating or increasing positions.

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 dated Thursday, August 20th. The stock was sold at an average price of $1.10, for a total value of $11,000.00. Following the sale, the director owned 625,736 shares of the company's stock, valued at $688,309.60. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value 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 stock was sold at an average price of $1.17, for a total value 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 shares were 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. Trading Up 1.0%

CRESY traded up $0.11 during trading on Friday, hitting $11.09. 85,075 shares of the company's stock were exchanged, compared to its average volume of 263,765. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21. The stock's 50 day moving average is $11.12. The stock has a market capitalization of $700.71 million, a price-to-earnings ratio of 5.00 and a beta of 0.73. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported $0.45 EPS 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%. The business had revenue of $182.78 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRESY shares. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at about $25,000. Van ECK Associates Corp boosted its holdings in 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 worth $73,000 after purchasing an additional 2,957 shares during the period. Bank of America Corp DE grew its position in shares of Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after buying an additional 6,679 shares during the last quarter. Salzhauer Michael acquired a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at approximately $126,000. Finally, Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at approximately $127,000. Hedge funds and other institutional investors own 12.90% of the company's stock.

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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