Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) Share Price Passes Above 200 Day Moving Average – What’s Next?

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) shares crossed 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 $12.21. Cresud S.A.C.I.F. y A. shares last traded at $11.61, with a volume of 158,660 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CRESY shares. Weiss Ratings restated a “hold (c)” rating on shares of Cresud S.A.C.I.F. y A. in a report on Friday, March 27th. Wall Street Zen downgraded Cresud S.A.C.I.F. y A. from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cresud S.A.C.I.F. y A. currently has a consensus rating of “Hold”.

Cresud S.A.C.I.F. y A. Trading Down 4.9%

The firm has a market capitalization of $733.52 million, a P/E ratio of 5.23 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 0.46.

Cresud S.A.C.I.F. y A. (NASDAQ:CRESY) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.45 EPS for 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%.The company had revenue of $182.78 million for the quarter.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain purchased 13,375 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average cost of $11.23 per share, for a total transaction of $150,201.25. Following the acquisition, the director owned 1,203,206 shares of the company’s stock, valued at $13,512,003.38. The trade was a 1.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eduardo S. Elsztain purchased 58,595 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $10.57 per share, for a total transaction of $619,349.15. Following the completion of the acquisition, the director directly owned 9,845,278 shares in the company, valued at approximately $104,064,588.46. This trade represents a 0.60% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 85,251 shares of company stock worth $913,621 over the last quarter. Company insiders own 36.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRESY. Raymond James Financial Inc. purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 2nd quarter valued at $25,000. Van ECK Associates Corp increased its holdings in shares of Cresud S.A.C.I.F. y A. by 103.9% in the 4th quarter. Van ECK Associates Corp now owns 5,802 shares of the company’s stock valued at $73,000 after acquiring an additional 2,957 shares during the period. Bank of America Corp DE increased its holdings in shares of Cresud S.A.C.I.F. y A. by 464.8% in the 4th quarter. Bank of America Corp DE now owns 8,116 shares of the company’s stock valued at $103,000 after acquiring an additional 6,679 shares during the period. Salzhauer Michael purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 4th quarter valued at $126,000. Finally, Acuitas Investments LLC purchased a new position in shares of Cresud S.A.C.I.F. y A. in the 1st quarter valued at $127,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

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

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.