Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Cross Below Fifty Day Moving Average After Analyst Downgrade

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas shares fell below the fifty-day moving average after analyst Itau BBA Securities downgraded the stock from outperform to market perform.
• Several institutional investors have recently increased their positions in Brasilagro, with Citadel Advisors LLC growing its stake by 80.4%.
• In its latest earnings report, Brasilagro reported $0.11 earnings per share and a net margin of 11.99%, with revenue for the quarter reaching $60.14 million.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) shares crossed below its fifty day moving average during trading on Thursday after Itau BBA Securities downgraded the stock from an outperform rating to a market perform rating. The stock has a fifty day moving average of $3.82 and traded as low as $3.80. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.83, with a volume of 42,126 shares traded.

Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently made changes to their positions in LND. Northern Trust Corp purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter worth approximately $499,000. Citadel Advisors LLC increased its stake 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 worth $173,000 after purchasing an additional 21,419 shares in the last quarter. Evelyn Partners Investment Management LLP increased its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the second quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company's stock worth $71,000 after purchasing an additional 16,435 shares in the last quarter. SBI Securities Co. Ltd. increased its stake 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 purchasing an additional 14,651 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth $37,000. Hedge funds and other institutional investors own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 0.6%

The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $392.75 million, a PE ratio of 7.36 and a beta of 0.50. The stock's 50 day moving average price is $3.82 and its 200-day moving average price is $3.81.

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

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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