Alejandro Gustavo Elsztain Buys 14,500 Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Director Alejandro Gustavo Elsztain bought 14,500 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $3.52 per share, with a total value of $51,040.00. Following the acquisition, the director directly owned 626,870 shares of the company’s stock, valued at approximately $2,206,582.40. The trade was a 2.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alejandro Gustavo Elsztain also recently made the following trade(s):

• On Monday, June 29th, Alejandro Gustavo Elsztain purchased 14,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average cost of $3.58 per share, for a total transaction of $51,910.00.
• On Thursday, May 21st, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price of $3.82 per share, with a total value of $51,570.00.
• On Tuesday, May 19th, Alejandro Gustavo Elsztain acquired 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price of $3.74 per share, with a total value of $50,490.00.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock opened at $3.58 on Wednesday. The company’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.88. The firm has a market capitalization of $367.59 million, a P/E ratio of -119.29 and a beta of 0.02. Brasilagro Cia Brasileira De Propriedades Agricolas has a fifty-two week low of $3.46 and a fifty-two week high of $4.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69.

Analyst Upgrades and Downgrades

LND has been the subject of several research reports. Wall Street Zen downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research 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 research note on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas has a consensus rating of “Reduce”.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after purchasing an additional 119,700 shares during the last quarter. SmartHarvest Portfolios LLC lifted its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after buying an additional 2,691 shares during the period. EverSource Wealth Advisors LLC bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at about $37,000. Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at about $265,000. Finally, Windmill Hill Asset Management Ltd increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after buying an additional 70,898 shares during the period. Institutional investors own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.