Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.70 and traded as high as $3.70. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6250, with a volume of 54,713 shares traded.

Analyst Ratings Changes

LND has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance

The firm has a market cap of $372.23 million, a P/E ratio of -120.79 and a beta of 0.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The firm’s 50 day moving average is $3.70 and its 200 day moving average is $3.88.

Insider Activity

In related news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were purchased at an average cost of $3.58 per share, with a total value of $51,910.00. Following the transaction, the director directly owned 655,870 shares in the company, valued at $2,348,014.60. This trade represents a 2.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 56,000 shares of company stock worth $205,010 in the last ninety days. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LND. EverSource Wealth Advisors LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth about $37,000. SmartHarvest Portfolios LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at about $68,000. Banco BTG Pactual S.A. bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at about $265,000. Renaissance Technologies LLC raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock worth $590,000 after buying an additional 119,700 shares during the last quarter. Finally, Windmill Hill Asset Management Ltd lifted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock worth $508,000 after buying an additional 70,898 shares in the last quarter. 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.