Alejandro Gustavo Elsztain Acquires 13,375 Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain purchased 13,375 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was bought at an average cost of $11.23 per share, for a total transaction of $150,201.25. Following the completion of the purchase, the director directly owned 1,203,206 shares in the company, valued at $13,512,003.38. This represents a 1.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Thursday, April 23rd, Alejandro Gustavo Elsztain purchased 4,458 shares of Cresud S.A.C.I.F. y A. stock. The shares were purchased at an average price of $11.20 per share, with a total value of $49,929.60.

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

CRESY traded up $0.12 on Friday, hitting $11.05. 320,500 shares of the company’s stock were exchanged, compared to its average volume of 255,774. The stock has a market cap of $698.14 million, a price-to-earnings ratio of 3.73 and a beta of 0.89. Cresud S.A.C.I.F. y A. has a fifty-two week low of $8.39 and a fifty-two week high of $14.21. The firm has a 50-day moving average price of $11.71 and a 200-day moving average price of $11.85. The company has a current ratio of 1.43, a quick ratio of 1.07 and a debt-to-equity ratio of 0.52.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.35 EPS for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 10.34% and a net margin of 23.88%.The firm had revenue of $211.85 million during the quarter.

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

A number of institutional investors and hedge funds have recently bought and sold shares of CRESY. 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 increased its stake 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 buying an additional 2,957 shares during the period. Bank of America Corp DE increased its stake in Cresud S.A.C.I.F. y A. by 464.8% during the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock worth $103,000 after buying an additional 6,679 shares during the period. Salzhauer Michael acquired a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $126,000. Finally, HRT Financial LP acquired a new stake in Cresud S.A.C.I.F. y A. during the 4th quarter worth approximately $168,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Cresud S.A.C.I.F. y A. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Company Profile

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.