Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Cross Below Fifty Day Moving Average - Should You Sell?

Key Points

• Brasilagro Cia Brasileira De Propriedades Agricolas' stock price fell below its 50-day moving average of $3.82, trading as low as $3.73 before closing at $3.78.
• Wall Street Zen has upgraded Brasilagro's stock rating from "sell" to "hold" as of May 12th, indicating a more optimistic outlook.
• Institutional investors significantly increased their stakes in Brasilagro, with Citadel Advisors lifting its stake by 80.4% and Quadrant Capital Group increasing its position by 227.9% in the last quarter.

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.82 and traded as low as $3.73. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.78, with a volume of 14,941 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 report on Monday, May 12th.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm has a market cap of $382.48 million, a PE ratio of 7.17 and a beta of 0.47. 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 has a 50-day moving average price of $3.81 and a 200 day moving average price of $3.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LND. Virtu Financial LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $87,000. Quadrant Capital Group LLC boosted its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 227.9% in the fourth 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 during the last quarter. Northern Trust Corp acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $499,000. Finally, Citadel Advisors LLC boosted its holdings in 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 acquiring an additional 21,419 shares during the last quarter. 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.