Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Announces Quarterly Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) issued its earnings results on Tuesday. The company reported $0.16 EPS for the quarter, FiscalAI reports. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The firm had revenue of $58.07 million during the quarter.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 2.7%

Shares of LND stock traded down $0.09 on Tuesday, hitting $3.12. 47,366 shares of the stock were exchanged, compared to its average volume of 62,374. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $319.85 million, a P/E ratio of -18.32 and a beta of 0.11. Brasilagro Cia Brasileira De Propriedades Agricolas has a fifty-two week low of $3.10 and a fifty-two week high of $4.45. The business has a 50-day moving average of $3.59 and a 200 day moving average of $3.80.

Insider Transactions at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Elsztain bought 11,750 shares of the business’s stock in a transaction on Monday, October 5th. The shares were purchased at an average price of $3.73 per share, for a total transaction of $43,827.50. Following the purchase, the director owned 727,120 shares of the company’s stock, valued at approximately $2,712,157.60. The trade was a 1.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 41,750 shares of company stock valued at $148,228. 0.73% of the stock is currently owned by company insiders.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds and other institutional investors have recently made changes to their positions in LND. Corecam Pte. Ltd. boosted its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 22.2% during the third quarter. Corecam Pte. Ltd. now owns 37,360 shares of the company’s stock worth $130,000 after purchasing an additional 6,780 shares during the last quarter. Grace & White Inc. NY grew its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 2.6% in the third quarter. Grace & White Inc. NY now owns 793,582 shares of the company’s stock valued at $2,754,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in 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. 1.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a research report on Saturday, October 10th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land company focused on acquiring, developing and operating rural properties. The company combines agricultural production with the improvement and, when appropriate, sale of farmland, seeking to create value through the development of underutilized properties.

Its operations include the cultivation of crops such as soybeans, corn, cotton and sugarcane, as well as cattle-raising activities and other agricultural operations.