Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Moved Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) to a hold rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 1.1%

LND stock opened at $3.77 on Friday. The stock has a market cap of $387.10 million, a P/E ratio of -22.18 and a beta of 0.07. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. Brasilagro Cia Brasileira De Propriedades Agricolas has a twelve month low of $3.37 and a twelve month high of $4.45. The company’s 50 day moving average is $3.65 and its two-hundred day moving average is $3.76.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last posted its earnings results on Friday, September 4th. The company reported ($0.03) EPS for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The company had revenue of $55.92 million during the quarter.

Insider Activity

In related news, Director Alejandro Elsztain purchased 15,000 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were purchased at an average price of $3.48 per share, with a total value of $52,200.00. Following the completion of the acquisition, the director directly owned 715,370 shares in the company, valued at $2,489,487.60. This represents a 2.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 41,750 shares of company stock worth $148,228 over the last 90 days. Company insiders own 0.73% of the company’s stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

A hedge fund recently raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas stock. SmartHarvest Portfolios LLC increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) by 14.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,768 shares of the company’s stock after purchasing an additional 2,691 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Brasilagro Cia Brasileira De Propriedades Agricolas were worth $92,000 as of its most recent SEC filing. Institutional investors own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.

Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.