Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

Brasilagro Cia Brasileira De Propriedades Agricolas stock opened at $3.74 on Friday. The company’s 50-day moving average price is $3.65 and its 200-day moving average price is $3.75. Brasilagro Cia Brasileira De Propriedades Agricolas has a twelve month low of $3.37 and a twelve month high of $4.45. The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $383.92 million, a PE ratio of -21.99 and a beta of 0.07.

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

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Elsztain purchased 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were bought at an average cost of $3.48 per share, for a total transaction of $52,200.00. Following the acquisition, the director owned 715,370 shares of the company’s stock, valued at approximately $2,489,487.60. This trade represents a 2.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 41,750 shares of company stock worth $148,228. 0.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Brasilagro Cia Brasileira De Propriedades Agricolas stock. Renaissance Technologies LLC grew its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) by 604.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 139,500 shares of the company’s stock after buying an additional 119,700 shares during the quarter. Renaissance Technologies LLC owned 0.14% of Brasilagro Cia Brasileira De Propriedades Agricolas worth $590,000 at the end of the most recent reporting 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 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.