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

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.92 and traded as low as $3.65. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6860, with a volume of 49,651 shares traded.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm has a market capitalization of $378.48 million, a PE ratio of -122.83 and a beta of 0.02. 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 business’s 50 day simple moving average is $3.92 and its two-hundred day simple moving average is $3.88.

Insiders Place Their Bets

In related news, Director Alejandro Gustavo Elsztain bought 13,500 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $3.82 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter valued at $37,000. SmartHarvest Portfolios LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $68,000. Banco BTG Pactual S.A. purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth $265,000. Windmill Hill Asset Management Ltd increased its stake 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 purchasing an additional 70,898 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 119,700 shares in the last quarter. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

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.