Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Cross Above Fifty Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.70 and traded as high as $3.70. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6250, with a volume of 54,713 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas presently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The business has a 50-day moving average of $3.70 and a two-hundred day moving average of $3.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The company has a market cap of $379.40 million, a P/E ratio of -123.13 and a beta of 0.03.

Insider Buying and Selling at Brasilagro Cia Brasileira De Propriedades Agricolas

In other news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of $3.58 per share, for a total transaction of $51,910.00. Following the acquisition, the director owned 655,870 shares of the company’s stock, valued at approximately $2,348,014.60. This represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have bought 56,000 shares of company stock valued at $205,010. 0.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake 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 valued at $590,000 after acquiring an additional 119,700 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $265,000. Windmill Hill Asset Management Ltd lifted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after purchasing an additional 70,898 shares during the last quarter. SmartHarvest Portfolios LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $68,000. Finally, EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.