Wall Street Zen Upgrades Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) to “Hold”

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

NYSE:LND opened at $3.77 on Friday. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12-month low of $3.37 and a 12-month high of $4.45. The firm has a market capitalization of $387.10 million, a price-to-earnings ratio of -22.18 and a beta of 0.07. The stock’s 50 day moving average price is $3.65 and its two-hundred day moving average price is $3.75. The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last issued its earnings results on Friday, September 4th. The company reported ($0.03) EPS for the quarter. The business had revenue of $55.92 million 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%.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Elsztain purchased 11,750 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were acquired at an average price of $3.73 per share, for a total transaction of $43,827.50. Following the purchase, the director owned 727,120 shares in the company, valued at approximately $2,712,157.60. This represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 41,750 shares of company stock worth $148,228. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. Renaissance Technologies LLC raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) by 604.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 139,500 shares of the company’s stock after acquiring an additional 119,700 shares during the quarter. Renaissance Technologies LLC owned about 0.14% of Brasilagro Cia Brasileira De Propriedades Agricolas worth $590,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.15% of the company’s stock.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.