Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) Director Alejandro Gustavo Elsztain acquired 18,200 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of $10.95 per share, for a total transaction of $199,290.00. Following the acquisition, the director directly owned 1,225,764 shares of the company’s stock, valued at $13,422,115.80. This trade represents a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Thursday, April 23rd, Alejandro Gustavo Elsztain acquired 4,458 shares of Cresud S.A.C.I.F. y A. stock. The shares were acquired at an average cost of $11.20 per share, for a total transaction of $49,929.60.
- On Wednesday, April 22nd, Alejandro Gustavo Elsztain acquired 13,375 shares of Cresud S.A.C.I.F. y A. stock. The shares were acquired at an average cost of $11.23 per share, for a total transaction of $150,201.25.
Cresud S.A.C.I.F. y A. Stock Down 3.5%
Shares of CRESY stock opened at $10.92 on Friday. Cresud S.A.C.I.F. y A. has a 1-year low of $8.39 and a 1-year high of $14.21. The firm has a market cap of $689.93 million, a P/E ratio of 4.92 and a beta of 0.71. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46.
Analyst Ratings Changes
Several analysts have weighed in on CRESY shares. Wall Street Zen lowered Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Read Our Latest Analysis on Cresud S.A.C.I.F. y A.
Institutional Trading of Cresud S.A.C.I.F. y A.
Large investors have recently bought and sold shares of the company. Crocodile Capital Partners GmbH grew its holdings in Cresud S.A.C.I.F. y A. by 438.1% in the fourth quarter. Crocodile Capital Partners GmbH now owns 767,177 shares of the company’s stock valued at $9,689,000 after purchasing an additional 624,614 shares during the last quarter. Systrade AG grew its holdings in Cresud S.A.C.I.F. y A. by 190.5% in the fourth quarter. Systrade AG now owns 1,064,993 shares of the company’s stock valued at $13,451,000 after purchasing an additional 698,341 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in Cresud S.A.C.I.F. y A. in the third quarter valued at $400,000. R Squared Ltd acquired a new stake in Cresud S.A.C.I.F. y A. in the third quarter valued at $229,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Cresud S.A.C.I.F. y A. in the third quarter valued at $150,000. Institutional investors and hedge funds own 12.90% of the company’s stock.
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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