Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Posts Quarterly Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) issued its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share for the quarter, FiscalAI reports. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The business had revenue of $58.07 million during the quarter.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Shares of LND opened at $3.12 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77. Brasilagro Cia Brasileira De Propriedades Agricolas has a one year low of $3.10 and a one year high of $4.45. The company has a market cap of $319.85 million, a PE ratio of -18.32 and a beta of 0.11. The stock has a 50-day moving average of $3.59 and a 200-day moving average of $3.80.

Insider Buying and Selling

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Elsztain acquired 11,750 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The stock was bought at an average cost of $3.73 per share, with a total value of $43,827.50. Following the acquisition, 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 the SEC website. Insiders have bought a total of 41,750 shares of company stock valued at $148,228 over the last 90 days. Insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after purchasing an additional 119,700 shares in the last quarter. Grace & White Inc. NY increased its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 2.6% during the third quarter. Grace & White Inc. NY now owns 793,582 shares of the company’s stock valued at $2,754,000 after buying an additional 20,000 shares during the last quarter. Finally, Corecam Pte. Ltd. raised its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 22.2% in the third quarter. Corecam Pte. Ltd. now owns 37,360 shares of the company’s stock worth $130,000 after buying an additional 6,780 shares during the period. Hedge funds and other institutional investors own 1.15% of the company’s stock.

Analysts Set New Price Targets

LND has been the subject of a number of analyst reports. 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 Thursday, October 8th. Wall Street Zen raised Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a research note on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land company focused on acquiring, developing and operating rural properties. The company combines agricultural production with the improvement and, when appropriate, sale of farmland, seeking to create value through the development of underutilized properties.

Its operations include the cultivation of crops such as soybeans, corn, cotton and sugarcane, as well as cattle-raising activities and other agricultural operations.