Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.87 and traded as low as $3.62. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6330, with a volume of 46,220 shares traded.

Analyst Ratings Changes

LND has been the subject of a number of research analyst reports. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The stock has a fifty day moving average of $3.86 and a 200-day moving average of $3.88. 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 market capitalization of $366.05 million, a price-to-earnings ratio of -118.79 and a beta of 0.02.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Gustavo Elsztain purchased 13,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $3.82 per share, for a total transaction of $51,570.00. Following the purchase, the director directly owned 598,870 shares of the company’s stock, valued at $2,287,683.40. The trade was a 2.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in shares of 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 position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth approximately $265,000. Windmill Hill Asset Management Ltd increased its position in 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 worth $508,000 after buying an additional 70,898 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at approximately $68,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

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.