Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 599,154 shares, a decline of 35.5% from the September 15th total of 929,480 shares. Based on an average trading volume of 350,144 shares, the short-interest ratio is presently 1.7 days. Approximately 1.5% of the shares of the stock are short sold.
Insider Activity at Cresud S.A.C.I.F. y A.
In other news, Director Fernando Elsztain sold 65,000 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $1.25, for a total value of $81,250.00. Following the completion of the sale, the director directly owned 515,736 shares of the company’s stock, valued at approximately $644,670. This trade represents a 11.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alejandro Elsztain acquired 8,295 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were purchased at an average cost of $11.18 per share, with a total value of $92,738.10. Following the completion of the acquisition, the director directly owned 1,251,393 shares in the company, valued at approximately $13,990,573.74. The trade was a 0.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 165,000 shares of company stock worth $195,350 over the last three months. 36.20% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the first quarter valued at about $127,000. R Squared Ltd raised its position in shares of Cresud S.A.C.I.F. y A. by 14.7% during the first quarter. R Squared Ltd now owns 17,534 shares of the company’s stock worth $223,000 after acquiring an additional 2,253 shares during the last quarter. OceanIQ Capital LLC bought a new position in shares of Cresud S.A.C.I.F. y A. during the second quarter worth about $650,000. Finally, Kopernik Global Investors LLC lifted its stake in shares of Cresud S.A.C.I.F. y A. by 4.0% in the first quarter. Kopernik Global Investors LLC now owns 4,415,543 shares of the company’s stock worth $56,166,000 after acquiring an additional 168,662 shares during the period. Institutional investors own 12.90% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Cresud S.A.C.I.F. y A. from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Report on Cresud S.A.C.I.F. y A.
Cresud S.A.C.I.F. y A. Price Performance
NASDAQ:CRESY traded up $0.13 on Friday, hitting $11.52. 127,226 shares of the company’s stock were exchanged, compared to its average volume of 254,447. The business has a 50-day simple moving average of $11.64. Cresud S.A.C.I.F. y A. has a 52 week low of $8.91 and a 52 week high of $14.21. 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 stock has a market capitalization of $727.83 million, a P/E ratio of 6.44 and a beta of 0.68.
Cresud S.A.C.I.F. y A. (NASDAQ:CRESY – Get Free Report) last posted its quarterly earnings results on Saturday, August 15th. The company reported $1.14 earnings per share for the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 6.18% and a net margin of 12.93%. The firm had revenue of $298.16 million for the quarter.
Cresud S.A.C.I.F. y A. Company Profile
Cresud SAC.I.F. y A. is an Argentine agricultural company engaged in the acquisition, development, operation and sale of farmland. Its activities include the production of grains and oilseeds, cattle ranching and the management of agricultural properties. The company also develops irrigation, infrastructure and other improvements intended to increase the productivity and value of its land portfolio.
Cresud’s farming operations have included crops such as soybeans, corn, wheat and sunflower, along with livestock production.
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