Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain Buys 4,458 Shares of Stock

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Director Alejandro Gustavo Elsztain acquired 4,458 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average price of $11.20 per share, with a total value of $49,929.60. Following the transaction, the director directly owned 1,207,564 shares in the company, valued at $13,524,716.80. The trade was a 0.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, April 22nd, Alejandro Gustavo Elsztain acquired 13,375 shares of Cresud S.A.C.I.F. y A. stock. The stock was purchased at an average price of $11.23 per share, for a total transaction of $150,201.25.

Cresud S.A.C.I.F. y A. Trading Up 1.1%

CRESY traded up $0.12 during mid-day trading on Friday, reaching $11.05. The stock had a trading volume of 320,500 shares, compared to its average volume of 255,774. The firm’s fifty day simple moving average is $11.71 and its two-hundred day simple moving average is $11.85. The stock has a market capitalization of $698.14 million, a P/E ratio of 3.73 and a beta of 0.89. Cresud S.A.C.I.F. y A. has a 52 week low of $8.39 and a 52 week high of $14.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share for the quarter. The company had revenue of $211.85 million during 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%.

Analyst Ratings Changes

A number of research firms have issued reports on CRESY. Wall Street Zen upgraded 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 reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the second quarter worth $25,000. Van ECK Associates Corp lifted its stake 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 holdings 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 worth $103,000 after buying an additional 6,679 shares during the last quarter. Salzhauer Michael bought a new position in Cresud S.A.C.I.F. y A. during the fourth quarter worth about $126,000. Finally, HRT Financial LP acquired a new position in shares of Cresud S.A.C.I.F. y A. during the 4th quarter worth about $168,000. 12.90% of the stock is 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.