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

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas shares have crossed above their 50-day moving average, trading at $3.93 after reaching a high of $3.98.
• Wall Street analysts upgraded the stock from a "sell" to a "hold" rating, indicating a more positive outlook.
• Institutional investors have shown increased interest, with significant stakes being added or raised by firms such as Evelyn Partners Investment Management LLP and Citadel Advisors LLC.

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.80 and traded as high as $3.98. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.93, with a volume of 51,274 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 2.0%

The company's 50 day moving average is $3.80 and its two-hundred day moving average is $3.79. The firm has a market cap of $401.48 million, a P/E ratio of 7.52 and a beta of 0.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.79 and a quick ratio of 0.94.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.11 earnings per share for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a net margin of 11.99% and a return on equity of 6.47%. The firm had revenue of $60.14 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LND. Northern Trust Corp purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $499,000. Citadel Advisors LLC increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% in the fourth quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock valued at $173,000 after buying an additional 21,419 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at about $37,000. Evelyn Partners Investment Management LLP increased its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock valued at $71,000 after acquiring an additional 16,435 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the second quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock valued at $141,000 after buying an additional 14,651 shares during the period. 1.15% of the stock is owned by hedge funds and other institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.