Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Acquires 8,295 Shares of Company Stock

Key Points

• Director Alejandro Elsztain purchased 8,295 Cresud shares at an average price of $11.18, investing $92,738.10 and increasing his direct ownership by 0.67% to 1,251,393 shares.
• Cresud shares rose 1.3% to $11.30, while the company reported quarterly earnings of $1.14 per share on $298.16 million in revenue.
• Institutional investors own 12.9% of the company, but analyst sentiment remains cautious: Weiss Ratings downgraded the stock to “hold (c-),” and the overall analyst rating is “Hold.”

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Alejandro Elsztain bought 8,295 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of $11.18 per share, with a total value of $92,738.10. Following the completion of the purchase, the director directly owned 1,251,393 shares in the company, valued at $13,990,573.74. This trade represents a 0.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cresud S.A.C.I.F. y A. Stock Up 1.3%

Shares of CRESY stock traded up $0.14 during trading on Thursday, reaching $11.30. 117,236 shares of the company's stock were exchanged, compared to its average volume of 265,171. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The stock has a market capitalization of $714.30 million, a PE ratio of 6.32 and a beta of 0.68. Cresud S.A.C.I.F. y A. has a twelve month low of $8.91 and a twelve month high of $14.21. The business has a fifty day moving average price of $11.62.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 6.18% and a net margin of 12.93%. The business had revenue of $298.16 million for the quarter.

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

Institutional investors have recently made changes to their positions in the company. Acuitas Investments LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the first quarter worth approximately $127,000. R Squared Ltd boosted its stake in Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company's stock valued at $223,000 after purchasing an additional 2,253 shares during the period. OceanIQ Capital LLC bought a new stake in Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $650,000. Finally, Kopernik Global Investors LLC boosted its stake in Cresud S.A.C.I.F. y A. by 4.0% in the 1st quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company's stock valued at $56,166,000 after purchasing an additional 168,662 shares during the period. Institutional investors own 12.90% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Cresud S.A.C.I.F. y A. from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Cresud S.A.C.I.F. y A. has an average rating of "Hold".

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

Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.

Cresud's farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.