Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.92 and traded as low as $3.65. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6860, with a volume of 49,651 shares.

Analyst Ratings Changes

LND has been the subject of several analyst reports. Weiss Ratings upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Wall Street Zen lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $378.48 million, a PE ratio of -122.83 and a beta of 0.02. The firm has a 50 day moving average price of $3.92 and a 200 day moving average price of $3.88.

Insider Transactions at Brasilagro Cia Brasileira De Propriedades Agricolas

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain purchased 13,500 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $3.82 per share, for a total transaction of $51,570.00. Following the purchase, the director owned 598,870 shares of the company’s stock, valued at approximately $2,287,683.40. This represents a 2.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in 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 in the last quarter. SmartHarvest Portfolios LLC increased its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after buying an additional 2,691 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $265,000. Windmill Hill Asset Management Ltd increased its stake 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 buying an additional 70,898 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.