Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 489,619 shares, a growth of 150.3% from the April 15th total of 195,590 shares. Based on an average trading volume of 330,912 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the shares of the company are sold short.
Insider Buying and Selling at Cresud S.A.C.I.F. y A.
In other Cresud S.A.C.I.F. y A. news, Director Alejandro Gustavo Elsztain purchased 4,458 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, April 23rd. The stock was acquired at an average cost of $11.20 per share, with a total value of $49,929.60. Following the acquisition, the director directly owned 1,207,564 shares of the company’s stock, valued at $13,524,716.80. This represents a 0.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eduardo S. Elsztain purchased 8,823 shares of Cresud S.A.C.I.F. y A. stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $10.67 per share, with a total value of $94,141.41. Following the completion of the acquisition, the director directly owned 9,854,101 shares in the company, valued at approximately $105,143,257.67. This trade represents a 0.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 85,251 shares of company stock valued at $913,621 in the last 90 days. Company insiders own 36.20% of the company’s stock.
Hedge Funds Weigh In On Cresud S.A.C.I.F. y A.
Several hedge funds have recently bought and sold shares of the stock. Kopernik Global Investors LLC increased its position 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 worth $56,166,000 after buying an additional 168,662 shares in the last quarter. Systrade AG increased its position in Cresud S.A.C.I.F. y A. by 190.5% during the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock worth $13,451,000 after buying an additional 698,341 shares in the last quarter. VR Advisory Services Ltd increased its position in Cresud S.A.C.I.F. y A. by 113.0% during the third quarter. VR Advisory Services Ltd now owns 886,474 shares of the company’s stock worth $8,156,000 after buying an additional 470,365 shares in the last quarter. Crocodile Capital Partners GmbH grew its holdings in shares of Cresud S.A.C.I.F. y A. by 438.1% during the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock worth $9,689,000 after buying an additional 624,614 shares in the last quarter. Finally, Ping Capital Management Inc. grew its holdings in shares of Cresud S.A.C.I.F. y A. by 11.6% during the fourth quarter. Ping Capital Management Inc. now owns 134,821 shares of the company’s stock worth $1,703,000 after buying an additional 14,021 shares in the last quarter. Hedge funds and other institutional investors own 12.90% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Cresud S.A.C.I.F. y A.
Cresud S.A.C.I.F. y A. Price Performance
NASDAQ:CRESY traded down $0.06 during mid-day trading on Friday, hitting $10.63. 268,300 shares of the company’s stock traded hands, compared to its average volume of 295,181. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 1.43. The company has a market cap of $671.65 million, a PE ratio of 4.79 and a beta of 0.71. The firm’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $11.80. Cresud S.A.C.I.F. y A. has a 1 year low of $8.39 and a 1 year high of $14.21.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $999.00 earnings per share (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 7.17%.
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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