Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.68 and traded as high as $3.69. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6540, with a volume of 28,428 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. 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 lowered shares of 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. According to data from MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm’s fifty day moving average is $3.68 and its 200-day moving average is $3.89. 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 $385.05 million, a PE ratio of -124.96 and a beta of 0.03.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average cost of $3.58 per share, with a total value of $51,910.00. Following the purchase, the director directly owned 655,870 shares of the company’s stock, valued at $2,348,014.60. This trade represents a 2.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 56,000 shares of company stock valued at $205,010 in the last three months. Insiders own 0.73% of the company’s stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors have recently bought and sold shares of the business. Windmill Hill Asset Management Ltd boosted its holdings 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 acquiring an additional 70,898 shares during the period. Renaissance Technologies LLC raised its position 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 valued at $590,000 after purchasing an additional 119,700 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at $265,000. SmartHarvest Portfolios LLC boosted its stake 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 purchasing an additional 2,691 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth $37,000. 1.15% of the stock is owned by hedge funds and other institutional investors.

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.