Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $11.33. Cresud S.A.C.I.F. y A. shares last traded at $11.21, with a volume of 129,574 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRESY. Wall Street Zen cut shares of Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Cresud S.A.C.I.F. y A. has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Stock Up 0.3%

The company has a market cap of $708.25 million, a price-to-earnings ratio of 5.05 and a beta of 0.71. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.05 and a current ratio of 1.43.

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

Insider Activity 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 18,200 shares of Cresud S.A.C.I.F. y A. stock in a transaction on Friday, June 5th. The shares were bought 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 $13,422,115.80. This trade represents a 1.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eduardo S. Elsztain acquired 8,823 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average price of $10.67 per share, for a total transaction of $94,141.41. Following the acquisition, the director directly owned 9,854,101 shares of the company’s stock, valued at approximately $105,143,257.67. The trade was a 0.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 103,451 shares of company stock valued at $1,112,911 over the last ninety days. 36.20% of the stock is owned by corporate insiders.

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

Hedge funds have recently added to or reduced their stakes in the business. Steadtrust LLC grew its holdings in Cresud S.A.C.I.F. y A. by 0.8% in the 4th quarter. Steadtrust LLC now owns 134,608 shares of the company’s stock valued at $1,700,000 after buying an additional 1,108 shares during the period. Comprehensive Money Management Services LLC lifted its holdings in shares of Cresud S.A.C.I.F. y A. by 1.9% during the 4th quarter. Comprehensive Money Management Services LLC now owns 82,203 shares of the company’s stock worth $1,038,000 after acquiring an additional 1,522 shares during the period. R Squared Ltd boosted its position in shares of Cresud S.A.C.I.F. y A. by 14.7% in 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. Raymond James Financial Inc. purchased a new stake in Cresud S.A.C.I.F. y A. in the second quarter valued at approximately $25,000. Finally, Van ECK Associates Corp grew its holdings in Cresud S.A.C.I.F. y A. by 103.9% in the fourth quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after purchasing an additional 2,957 shares during the period. 12.90% of the stock is owned by institutional investors and hedge funds.

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.