Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Hits New 1-Year Low - Here's What Happened

Key Points

• Cresud shares hit a new 52-week low of $8.92 in Tuesday trading and last traded at $9.145, below the prior close of $9.26.
• The company reported quarterly EPS of $0.02 and revenue of $271.18 million. It also declared an annual dividend of $0.7494 per share, payable November 12 to shareholders of record November 2.
• Analyst sentiment remains neutral: MarketBeat reported a consensus Hold rating, while Weiss Ratings raised its rating from “hold (c-)” to “hold (c).”

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $8.92 and last traded at $9.1450, with a volume of 32,029 shares. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Cresud S.A.C.I.F. y A. from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 16th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of "Hold".

Cresud S.A.C.I.F. y A. Trading Down 0.1%

The firm has a market capitalization of $596.97 million, a P/E ratio of 5.28 and a beta of 0.68. The company has a 50 day moving average of $11.46. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.02 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 12.93% and a return on equity of 5.97%. The business had revenue of $271.18 million for the quarter.

Cresud S.A.C.I.F. y A. Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be paid a $0.7494 dividend. This represents a yield of 752.0%. The ex-dividend date is Monday, November 2nd. Cresud S.A.C.I.F. y A.'s payout ratio is presently 38.86%.

Insider Activity

In related news, Director Alejandro Elsztain acquired 8,295 shares of the firm's stock in a transaction dated Thursday, October 15th. The stock was bought at an average price of $11.18 per share, for a total transaction of $92,738.10. Following the acquisition, the director directly owned 1,251,393 shares of the company's stock, valued at approximately $13,990,573.74. The trade was a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated 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 directly owned 515,736 shares in the company, valued at approximately $644,670. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,000 shares of company stock worth $155,000 over the last three months. Insiders own 36.20% of the company's stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cresud S.A.C.I.F. y A. stock. Kopernik Global Investors LLC raised its position in shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,415,543 shares of the company's stock after acquiring an additional 168,662 shares during the period. Cresud S.A.C.I.F. y A. makes up approximately 3.9% of Kopernik Global Investors LLC's investment portfolio, making the stock its 9th largest position. Kopernik Global Investors LLC owned about 6.99% of Cresud S.A.C.I.F. y A. worth $56,166,000 at the end of the most recent reporting period. 12.90% of the stock is owned by institutional investors.

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

Cresud S.A.C.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its farming activities include the production of grains and oilseeds such as soybeans, corn, wheat and sunflower, as well as sugarcane and other crops. The company also operates livestock activities, including cattle production, and generates revenue through the leasing and sale of agricultural properties. Cresud's operations are focused primarily in Argentina and extend to other South American markets through subsidiaries and investments, including agricultural activities in Brazil, Paraguay and Bolivia.

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