Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Passes Below 50 Day Moving Average - Here's What Happened

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) passed 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 traded.

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 report on Monday, May 12th.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 0.4%

The firm has a 50 day moving average of $3.82 and a two-hundred day moving average of $3.78. The firm has a market capitalization of $388.54 million, a price-to-earnings ratio of 7.28 and a beta of 0.47. The company has a quick ratio of 0.77, a current ratio of 1.58 and a debt-to-equity ratio of 0.41.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Several large investors have recently bought and sold shares of LND. Virtu Financial LLC acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at about $87,000. Quadrant Capital Group LLC boosted its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 227.9% during the fourth quarter. Quadrant Capital Group LLC now owns 30,841 shares of the company's stock valued at $111,000 after purchasing an additional 21,435 shares in the last quarter. Citadel Advisors LLC boosted its stake 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 in the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at about $499,000. 1.15% of the stock is owned by institutional investors and hedge funds.

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.