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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.63 and traded as high as $3.79. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.7780, with a volume of 24,260 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LND. Weiss Ratings cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note 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 research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average price of $3.64 and a 200-day moving average price of $3.85. The firm has a market cap of $381.97 million, a price-to-earnings ratio of -123.96 and a beta of 0.04.

Insider Transactions at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Gustavo Elsztain acquired 14,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $3.58 per share, with a total value of $51,910.00. Following the purchase, the director owned 655,870 shares of the company’s stock, valued at $2,348,014.60. This represents a 2.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after acquiring an additional 119,700 shares during the period. SmartHarvest Portfolios LLC lifted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock valued at $92,000 after purchasing an additional 2,691 shares during the period. Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at approximately $265,000. Windmill Hill Asset Management Ltd boosted its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th 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 in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth approximately $37,000. Hedge funds and other 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.