Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Down 8.8% - Time to Sell?

Key Points

• Cresud shares fell 8.8% in mid-day trading to about $10.45, with trading volume roughly 74% below the average session volume.
• Analyst sentiment remains neutral: Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the sole covering analyst maintains a Hold rating.
• The company reported quarterly earnings of $1.14 per share on $298.16 million in revenue. Insider activity was mixed, with one director buying shares, while insiders collectively sold 130,000 shares over the past 90 days.

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) fell 8.8% during mid-day trading on Monday. The company traded as low as $10.40 and last traded at $10.4450. Approximately 68,113 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 262,260 shares. The stock had previously closed at $11.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Cresud S.A.C.I.F. y A. from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Cresud S.A.C.I.F. y A. has an average rating of "Hold".

Cresud S.A.C.I.F. y A. Stock Performance

The company has a 50 day moving average of $11.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.13. The company has a market capitalization of $676.03 million, a P/E ratio of 5.98 and a beta of 0.68.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report) last released its 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 5.97% and a net margin of 12.93%. The firm had revenue of $298.16 million during the quarter.

Insider Transactions at Cresud S.A.C.I.F. y A.

In other Cresud S.A.C.I.F. y A. news, Director Alejandro Elsztain purchased 8,295 shares of the business's stock in a transaction on Thursday, October 15th. The stock was bought at an average cost of $11.18 per share, with a total value of $92,738.10. Following the acquisition, the director owned 1,251,393 shares of the company's stock, valued at $13,990,573.74. The trade was a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Fernando Elsztain sold 65,000 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $1.25, for a total transaction of $81,250.00. Following the completion of the sale, the director directly owned 515,736 shares of the company's stock, valued at $644,670. The trade was a 11.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130,000 shares of company stock worth $155,000. 36.20% of the stock is owned by corporate insiders.

Institutional Trading of Cresud S.A.C.I.F. y A.

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd boosted its holdings in Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company's stock worth $223,000 after buying an additional 2,253 shares during the last quarter. OceanIQ Capital LLC boosted its stake in Cresud S.A.C.I.F. y A. by 8.0% during the 3rd quarter. OceanIQ Capital LLC now owns 66,340 shares of the company's stock worth $770,000 after acquiring an additional 4,892 shares during the last quarter. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. during the 1st quarter worth approximately $127,000. Finally, Kopernik Global Investors LLC grew its holdings in Cresud S.A.C.I.F. y A. by 4.0% during the first 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 and hedge funds 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, 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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