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

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas shares have dropped below their 50-day moving average of $3.81, trading as low as $3.73.
• Wall Street Zen upgraded the stock from a "sell" rating to a "hold" rating on May 12th.
• Institutional investors have shown interest, with new acquisitions and significant stake increases reported in the fourth quarter.

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.81 and traded as low as $3.73. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.78, with a volume of 19,352 shares trading hands.

Analyst Ratings Changes

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

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 1.6%

The firm has a market cap of $394.29 million, a price-to-earnings ratio of 7.38 and a beta of 0.45. The stock has a 50-day moving average of $3.80 and a 200-day moving average of $3.78. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently modified their holdings of LND. Quadrant Capital Group LLC raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 227.9% during the 4th quarter. Quadrant Capital Group LLC now owns 30,841 shares of the company's stock valued at $111,000 after acquiring an additional 21,435 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% during the fourth quarter. Citadel Advisors LLC now owns 48,059 shares of the company's stock valued at $173,000 after purchasing an additional 21,419 shares during the period. Finally, Northern Trust Corp acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at $499,000. Institutional investors and hedge funds own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.