Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Up 4.5% - Should You Buy?

Key Points

• Cresud shares rose 4.5% to $11.56 in Monday trading, reaching $11.57 intraday, while volume was 47% below the average.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating, with Wall Street Zen recently downgrading it from “Buy” to “Hold.”
• Cresud has a $730.36 million market capitalization, a low 5.21 price-to-earnings ratio and 0.46 debt-to-equity ratio; insiders own 36.2% of shares, though insiders have been net sellers over the past 90 days.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY - Get Free Report)'s stock price was up 4.5% during trading on Monday . The stock traded as high as $11.57 and last traded at $11.56. 140,313 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 264,453 shares. The stock had previously closed at $11.06.

Analysts Set New Price Targets

A number of equities analysts have commented on CRESY shares. Weiss Ratings restated a "hold (c)" rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a "buy" rating to a "hold" rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Cresud S.A.C.I.F. y A. Stock Up 4.5%

The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $11.02. The company has a market capitalization of $730.36 million, a PE ratio of 5.21 and a beta of 0.73.

Insider Buying and Selling at Cresud S.A.C.I.F. y A.

In other news, Director Fernando Adrian Elsztain sold 70,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $1.26, for a total transaction of $88,200.00. Following the sale, the director directly owned 685,121 shares in the company, valued at $863,252.46. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alejandro Gustavo Elsztain purchased 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $10.95 per share, with a total value of $199,290.00. Following the acquisition, the director directly owned 1,225,764 shares in the company, valued at $13,422,115.80. This trade represents a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 139,385 shares of company stock valued at $165,517 over the last ninety days. 36.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.

A number of large investors have recently added to or reduced their stakes in the stock. R Squared Ltd boosted its holdings in Cresud S.A.C.I.F. y A. by 14.7% during the 1st quarter. R Squared Ltd now owns 17,534 shares of the company's stock valued at $223,000 after acquiring an additional 2,253 shares during the period. 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. Van ECK Associates Corp grew its position in 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 purchasing an additional 2,957 shares during the last quarter. Bank of America Corp DE increased its stake in Cresud S.A.C.I.F. y A. by 464.8% in the fourth quarter. Bank of America Corp DE now owns 8,116 shares of the company's stock valued at $103,000 after purchasing an additional 6,679 shares during the period. Finally, Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter worth about $127,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.

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

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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