Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) shares 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.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LND. Weiss Ratings upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. 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. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The stock has a market cap of $373.04 million, a P/E ratio of -121.06 and a beta of 0.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47. The business has a 50 day simple moving average of $3.87 and a 200-day simple moving average of $3.89.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain acquired 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $3.82 per share, for a total transaction of $51,570.00. Following the purchase, the director owned 598,870 shares in the company, valued at $2,287,683.40. This trade represents a 2.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter valued at $37,000. Windmill Hill Asset Management Ltd raised 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 worth $508,000 after purchasing an additional 70,898 shares in the last quarter. SmartHarvest Portfolios LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $68,000. Banco BTG Pactual S.A. bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $265,000. Finally, Renaissance Technologies LLC grew its position 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 worth $590,000 after buying an additional 119,700 shares during the period. 1.15% of the stock is owned by institutional investors.

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.