Fernando Adrian Elsztain Sells 35,000 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Key Points

• Director Fernando Adrian Elsztain sold 35,000 Cresud shares at an average price of $1.19, generating $41,650 and reducing his stake by 5.68% to 580,736 shares. He has also reported several additional sales in recent months.
• CRESY shares fell 0.9% to $12.04, with the company valued at approximately $760 million and trading at a P/E ratio of 6.72. Cresud recently reported quarterly EPS of $1.14 on revenue of $231.08 million.
• Institutional investors own 12.9% of the stock, while analyst coverage currently reflects a “Hold” consensus; recent ratings included downgrades or reaffirmations at Hold.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) Director Fernando Elsztain sold 35,000 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $1.19, for a total transaction of $41,650.00. Following the sale, the director owned 580,736 shares in the company, valued at $691,075.84. This represents a 5.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Thursday, September 10th, Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00.
• On Monday, August 24th, Fernando Elsztain sold 10,000 shares of Cresud S.A.C.I.F. y A. stock. The stock was sold at an average price of $1.05, for a total value 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 value 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 stock was 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 stock was sold at an average price of $1.13, for a total value 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 shares were sold at an average price of $1.11, for a total value 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, reaching $12.04. 62,702 shares of the stock traded hands, compared to its average volume of 264,641. The stock has a market capitalization of $760.37 million, a P/E ratio of 6.72 and a beta of 0.75. 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 business has a fifty day moving average price of $11.19. Cresud S.A.C.I.F. y A. has a 1-year low of $8.41 and a 1-year high of $14.21.

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

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

Several large investors have recently modified their holdings of CRESY. Raymond James Financial Inc. bought a new position in Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Van ECK Associates Corp lifted 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 valued at $73,000 after buying an additional 2,957 shares during the period. Bank of America Corp DE boosted its position in 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 valued at $103,000 after acquiring an additional 6,679 shares during the last quarter. Acuitas Investments LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 1st quarter worth about $127,000. Finally, PharVision Advisers LLC acquired a new stake in Cresud S.A.C.I.F. y A. during the 3rd quarter worth about $135,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRESY has been the subject of several 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 note on Saturday, May 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently 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, 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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