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

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

LND has been the topic of several research analyst reports. Weiss Ratings raised 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 lowered Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The business’s fifty day moving average price is $3.87 and its two-hundred day moving average price is $3.89. 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 stock has a market capitalization of $373.04 million, a P/E ratio of -121.06 and a beta of 0.02.

Insider Activity at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $3.82 per share, with a total value of $51,570.00. Following the completion of the transaction, the director owned 598,870 shares in the company, valued at $2,287,683.40. The trade was a 2.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LND. Windmill Hill Asset Management Ltd boosted 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 purchasing an additional 70,898 shares in the last quarter. Renaissance Technologies LLC boosted 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 purchasing an additional 119,700 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $265,000. SmartHarvest Portfolios LLC boosted 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 purchasing an additional 2,691 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth approximately $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.