Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $11.75. Cresud S.A.C.I.F. y A. shares last traded at $11.57, with a volume of 161,183 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research 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”.

Cresud S.A.C.I.F. y A. Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.43 and a quick ratio of 1.05. The stock has a market cap of $730.99 million, a PE ratio of 5.21 and a beta of 0.71.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last issued its earnings results on Tuesday, March 31st. The company reported $0.45 EPS for the quarter. The firm had revenue of $182.78 million during the quarter. Cresud S.A.C.I.F. y A. had a return on equity of 7.21% and a net margin of 17.44%.

Insider Activity at Cresud S.A.C.I.F. y A.

In related news, Director Alejandro Gustavo Elsztain acquired 18,200 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $10.95 per share, with a total value of $199,290.00. Following the purchase, the director directly owned 1,225,764 shares in the company, valued at approximately $13,422,115.80. This trade represents a 1.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eduardo S. Elsztain bought 8,823 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average price of $10.67 per share, for a total transaction of $94,141.41. Following the transaction, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. This represents a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 103,451 shares of company stock worth $1,112,911 over the last ninety days. 36.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Kopernik Global Investors LLC grew its position in Cresud S.A.C.I.F. y A. by 4.0% during the 1st 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 last quarter. Acuitas Investments LLC bought a new position in Cresud S.A.C.I.F. y A. in the first quarter valued at about $127,000. R Squared Ltd boosted its stake 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 valued at $223,000 after purchasing an additional 2,253 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cresud S.A.C.I.F. y A. during the fourth quarter valued at about $381,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Cresud S.A.C.I.F. y A. during the fourth quarter worth about $270,000. 12.90% of the stock is currently owned by institutional investors.

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.