Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Shares Up 4.5% – Here’s What Happened

Shares of Cresud S.A.C.I.F. y A. (NASDAQ:CRESYGet Free Report) were up 4.5% on Monday . The stock traded as high as $11.57 and last traded at $11.56. 140,313 shares traded hands during trading, a decline of 47% from the average daily volume of 264,453 shares. The stock had previously closed at $11.06.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CRESY shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Wednesday, June 24th. Wall Street Zen downgraded shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Cresud S.A.C.I.F. y A.

Cresud S.A.C.I.F. y A. Stock Up 1.5%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43. The firm has a market cap of $737.36 million, a PE ratio of 5.26 and a beta of 0.73. The business has a 50-day moving average of $11.03.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain bought 18,200 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $10.95 per share, with a total value of $199,290.00. Following the completion of the transaction, the director directly owned 1,225,764 shares of the company’s stock, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fernando Adrian Elsztain sold 70,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $1.26, for a total value of $88,200.00. Following the sale, the director directly owned 685,121 shares in the company, valued at $863,252.46. This trade represents a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,385 shares of company stock worth $165,517 over the last 90 days. Insiders own 36.20% of the company’s stock.

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

A number of hedge funds have recently bought and sold shares of the company. OceanIQ Capital LLC acquired a new position in shares of Cresud S.A.C.I.F. y A. in the second quarter worth about $650,000. Kopernik Global Investors LLC raised its holdings in shares of 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 valued at $56,166,000 after acquiring an additional 168,662 shares during the period. Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at approximately $127,000. R Squared Ltd lifted its position in shares of Cresud S.A.C.I.F. y A. by 14.7% in the 1st quarter. R Squared Ltd now owns 17,534 shares of the company’s stock valued at $223,000 after acquiring an additional 2,253 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Cresud S.A.C.I.F. y A. in the 4th quarter valued at approximately $381,000. 12.90% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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.

Further Reading

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