Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $12.21. Cresud S.A.C.I.F. y A. shares last traded at $11.61, with a volume of 158,660 shares changing hands.
Wall Street Analysts Forecast Growth
CRESY has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Research Report on Cresud S.A.C.I.F. y A.
Cresud S.A.C.I.F. y A. Stock Performance
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. Cresud S.A.C.I.F. y A. had a net margin of 17.44% and a return on equity of 7.21%. The firm had revenue of $182.78 million for the quarter.
Insiders Place Their Bets
In other Cresud S.A.C.I.F. y A. news, Director Eduardo S. Elsztain acquired 58,595 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the purchase, the director owned 9,845,278 shares in the company, valued at $104,064,588.46. This trade represents a 0.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alejandro Gustavo Elsztain acquired 13,375 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was acquired at an average price of $11.23 per share, for a total transaction of $150,201.25. Following the completion of the purchase, the director owned 1,203,206 shares of the company’s stock, valued at $13,512,003.38. This trade represents a 1.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 85,251 shares of company stock worth $913,621. 36.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of CRESY. Raymond James Financial Inc. acquired a new position in Cresud S.A.C.I.F. y A. in the second quarter valued at $25,000. Van ECK Associates Corp increased 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 purchasing 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% 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. Salzhauer Michael acquired a new position in Cresud S.A.C.I.F. y A. in the fourth quarter valued at $126,000. Finally, Acuitas Investments LLC acquired a new position in Cresud S.A.C.I.F. y A. in the first quarter valued at $127,000. 12.90% of the stock is currently owned by institutional investors and hedge funds.
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.
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