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 $1.05, generating $10,500 and reducing his position by 1.6% to 615,736 shares.
• Elsztain has made several additional sales since June, totaling 129,385 shares across the disclosed transactions and indicating continued insider selling activity.
• Cresud shares recently fell 1.5% to $11.13. The company reported $0.45 in quarterly EPS on $182.78 million in revenue, while analysts maintain an overall “Hold” rating.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Adrian Elsztain sold 10,000 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $1.05, for a total value of $10,500.00. Following the completion of the transaction, the director owned 615,736 shares of the company's stock, valued at $646,522.80. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 20th, 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 $1.10, for a total value of $11,000.00.
• On Wednesday, August 12th, Fernando Adrian Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was 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 shares were 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 value 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 value 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 stock was sold at an average price of $1.26, for a total value of $88,200.00.

Cresud S.A.C.I.F. y A. Trading Down 1.5%

Shares of Cresud S.A.C.I.F. y A. stock traded down $0.17 on Wednesday, reaching $11.13. 50,543 shares of the company were exchanged, compared to its average volume of 266,057. Cresud S.A.C.I.F. y A. has a one year low of $8.39 and a one year high of $14.21. The firm has a market cap of $703.13 million, a P/E ratio of 5.01 and a beta of 0.73. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average is $11.05.

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

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter valued at $25,000. Van ECK Associates Corp lifted its stake in shares of Cresud S.A.C.I.F. y A. by 103.9% during the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company's stock worth $73,000 after buying an additional 2,957 shares during the last quarter. Bank of America Corp DE lifted its stake 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 worth $103,000 after buying an additional 6,679 shares during the last quarter. Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the 1st quarter worth about $127,000. Finally, Salzhauer Michael bought a new stake in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth about $126,000. Institutional investors and hedge funds own 12.90% of the company's stock.

Wall Street Analyst Weigh In

CRESY has been the subject of a number of analyst reports. Wall Street Zen downgraded 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 reaffirmed a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. presently has an average 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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