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

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.69 and traded as low as $3.59. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.59, with a volume of 68,191 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The stock’s 50-day moving average is $3.69 and its 200-day moving average is $3.83. 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 stock has a market cap of $369.15 million, a price-to-earnings ratio of -21.15 and a beta of 0.04.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last released its quarterly earnings data on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 4.36% and a negative net margin of 9.93%.The business had revenue of $55.92 million for the quarter.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain purchased 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, for a total transaction of $51,910.00. Following the acquisition, the director owned 655,870 shares in the company, valued at approximately $2,348,014.60. This trade represents a 2.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted 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 acquiring an additional 119,700 shares in the last quarter. Windmill Hill Asset Management Ltd raised 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. Banco BTG Pactual S.A. acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter worth $265,000. Finally, SmartHarvest Portfolios LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas SA is an agricultural company focused on acquiring, developing, operating and selling rural properties. Its business model combines agricultural production with the identification and improvement of underutilized farmland, with the potential to generate value through property sales and productive operations.

The company cultivates a range of crops, including soybeans, corn, cotton, sugarcane and other grains, and also engages in cattle-raising activities.