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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.69 and traded as high as $3.88. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.78, with a volume of 38,096 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The company has a market cap of $373.77 million, a P/E ratio of -121.29 and a beta of 0.03. 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 firm has a 50 day moving average of $3.69 and a 200-day moving average of $3.88.

Insider Activity

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain acquired 14,500 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was bought at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the acquisition, the director directly owned 655,870 shares in the company, valued at $2,348,014.60. The trade was a 2.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders purchased 56,000 shares of company stock worth $205,010. 0.73% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds and other institutional investors have recently made changes to their positions in LND. SmartHarvest Portfolios LLC raised its position in shares of 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 acquiring an additional 2,691 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter valued at $37,000. Windmill Hill Asset Management Ltd boosted its position 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. Banco BTG Pactual S.A. acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at about $265,000. Finally, Renaissance Technologies LLC grew 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 valued at $590,000 after acquiring an additional 119,700 shares during the period. 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.