Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.66 and traded as high as $3.84. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.8350, with a volume of 114,963 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LND shares. Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The firm’s 50-day moving average price is $3.67 and its 200-day moving average price is $3.84. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $389.16 million, a PE ratio of -126.29 and a beta of 0.04.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the acquisition, the director owned 655,870 shares in the company, valued at $2,348,014.60. This trade represents a 2.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LND. EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth $37,000. Windmill Hill Asset Management Ltd boosted its stake in shares of 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 valued at $508,000 after purchasing an additional 70,898 shares during the period. SmartHarvest Portfolios LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth about $68,000. Banco BTG Pactual S.A. bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth about $265,000. Finally, Renaissance Technologies LLC increased its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after buying an additional 119,700 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.