Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Share Price Passes Below 50 Day Moving Average - What's Next?

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 share 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.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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 0.5%

The company has a market cap of $381.97 million, a P/E ratio of 7.15 and a beta of 0.45. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $3.80 and a 200-day moving average price of $3.78.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors and hedge funds have recently made changes to their positions in LND. EverSource Wealth Advisors LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter valued at $37,000. Evelyn Partners Investment Management LLP raised its stake in 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 period. SBI Securities Co. Ltd. raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company's stock valued at $141,000 after acquiring an additional 14,651 shares during the period. Citadel Advisors LLC raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% in the 4th quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock valued at $173,000 after acquiring an additional 21,419 shares during the period. Finally, Northern Trust Corp bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at $499,000. Institutional investors own 1.15% of the company's stock.

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.

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