Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.69 and traded as high as $3.88. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.78, with a volume of 38,096 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LND shares. Wall Street Zen lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The stock has a market cap of $388.13 million, a price-to-earnings ratio of -125.96 and a beta of 0.03. The company’s fifty day simple moving average is $3.69 and its two-hundred day simple moving average is $3.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69.

Insider Buying and Selling at Brasilagro Cia Brasileira De Propriedades Agricolas

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were bought at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the acquisition, the director directly owned 655,870 shares of the company’s stock, valued at approximately $2,348,014.60. The trade was a 2.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 56,000 shares of company stock valued at $205,010. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after purchasing an additional 119,700 shares in the last quarter. Banco BTG Pactual S.A. purchased a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Windmill Hill Asset Management Ltd grew its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after buying an additional 70,898 shares in the last quarter. SmartHarvest Portfolios LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter worth $68,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter worth $37,000. 1.15% of the stock is owned by hedge funds and other institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.