Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Pass Below 50-Day Moving Average - Time to Sell?

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas shares fell below their 50-day moving average, trading at $3.72 with a recent volume of 11,158 shares.
• Analysts upgraded Brasilagro from a "sell" to a "hold" rating, indicating a possible stabilization after recent stock price fluctuations.
• Institutional investments in Brasilagro have increased, with several firms significantly raising their stakes in the company during the second quarter.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report)'s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.80 and traded as low as $3.70. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.72, with a volume of 11,158 shares changing hands.

Wall Street Analyst Weigh In

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

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 1.1%

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.58 and a quick ratio of 0.77. The stock's 50 day simple moving average is $3.79 and its two-hundred day simple moving average is $3.78. The firm has a market cap of $378.90 million, a P/E ratio of 7.10 and a beta of 0.45.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds have recently added to or reduced their stakes in LND. Northern Trust Corp bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at about $499,000. Citadel Advisors LLC lifted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% during the 4th 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 during the period. Evelyn Partners Investment Management LLP boosted its stake 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 worth $71,000 after buying an additional 16,435 shares during the last quarter. SBI Securities Co. Ltd. grew 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 worth $141,000 after acquiring an additional 14,651 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter valued at about $37,000. 1.15% of the stock is owned by 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.