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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.96 and traded as low as $3.75. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.7650, with a volume of 54,844 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LND. Weiss Ratings raised Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Wall Street Zen cut Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 1.2%

The firm has a market capitalization of $386.59 million, a PE ratio of -125.46 and a beta of 0.03. The business has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.87. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42.

Insider Activity

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain bought 13,500 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $3.82 per share, with a total value of $51,570.00. Following the purchase, the director owned 598,870 shares in the company, valued at approximately $2,287,683.40. This represents a 2.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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 and hedge funds have recently modified their holdings of LND. EverSource Wealth Advisors LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth approximately $37,000. Windmill Hill Asset Management Ltd grew its holdings in shares of 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 acquiring an additional 70,898 shares during the period. SmartHarvest Portfolios LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $68,000. Banco BTG Pactual S.A. acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $265,000. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 acquiring an additional 119,700 shares during the period. Institutional investors and hedge funds 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.