Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Sells 65,000 Shares of Stock

Key Points

• Director Fernando Elsztain sold 65,000 Cresud shares at an average price of $1.25, generating $81,250 and reducing his holdings by 11.19% to 515,736 shares.
• Elsztain has made several additional sales since July, selling a combined 104,385 shares in the reported transactions.
• CRESY shares recently traded at $12.04, down 0.9%, while analysts maintain a consensus “Hold” rating. The company reported quarterly revenue of $231.08 million and EPS of $1.14.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Elsztain sold 65,000 shares of the company's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $1.25, for a total value of $81,250.00. Following the completion of the sale, the director owned 515,736 shares in the company, valued at approximately $644,670. This represents a 11.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 9th, Fernando Elsztain sold 35,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.19, for a total transaction of $41,650.00.
• On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.05, for a total transaction of $10,500.00.
• On Thursday, August 20th, Fernando 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 transaction of $11,000.00.
• On Wednesday, August 12th, Fernando 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 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 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 Elsztain sold 4,385 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.11, for a total transaction of $4,867.35.

Cresud S.A.C.I.F. y A. Stock Down 0.9%

Shares of CRESY stock traded down $0.10 during mid-day trading on Monday, hitting $12.04. 62,431 shares of the stock were exchanged, compared to its average volume of 264,641. Cresud S.A.C.I.F. y A. has a 52-week low of $8.41 and a 52-week 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 company has a market capitalization of $760.37 million, a P/E ratio of 6.72 and a beta of 0.75. The stock's fifty day moving average price is $11.19.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last issued its quarterly earnings data on Saturday, August 15th. The company reported $1.14 EPS 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 company had revenue of $231.08 million for the quarter.

Analyst Upgrades and Downgrades

CRESY has been the subject of a number of research reports. Wall Street Zen lowered shares of Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Weiss Ratings reiterated 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, the stock currently has a consensus rating of "Hold".

Hedge Funds 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 the stock. Bank of America Corp DE grew its stake in shares of Cresud S.A.C.I.F. y A. by 464.8% during the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock worth $103,000 after purchasing an additional 6,679 shares in the last quarter. Sei Investments Co. raised its position in Cresud S.A.C.I.F. y A. by 66.2% in the 2nd quarter. Sei Investments Co. now owns 99,116 shares of the company's stock valued at $1,066,000 after purchasing an additional 39,488 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth about $25,000. Virtu Financial LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth approximately $144,000. Finally, Centiva Capital LP purchased a new position in Cresud S.A.C.I.F. y A. in the 3rd quarter valued at $163,000. Hedge funds and other institutional investors own 12.90% of the company's stock.

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, and management of farmland. Its activities include the production of grains, oilseeds, sugarcane, and other crops, as well as cattle production. The company also develops and sells agricultural properties and provides related farming and land-management services.

Cresud's operations are primarily based in Argentina, where it manages agricultural land and conducts crop and livestock activities.

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