Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• Brasilagro shares rose above their 50-day moving average, reaching $3.84 and last trading at $3.8350, compared with a 50-day average of $3.66.
• Analyst sentiment remains cautious: one analyst rates the stock Hold and another Sell, resulting in a consensus rating of “Reduce.”
• A company director bought 14,500 shares at an average price of $3.58, while institutional ownership stands at 1.15% and hedge funds have recently increased or initiated positions.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $3.66 and traded as high as $3.84. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.8350, with a volume of 114,963 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LND shares. Wall Street Zen cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The stock has a market capitalization of $393.78 million, a PE ratio of -127.79 and a beta of 0.04. The company has a quick ratio of 0.69, a current ratio of 1.47 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $3.66 and a 200-day moving average of $3.84.

Insider Activity

In related news, Director Alejandro Gustavo Elsztain acquired 14,500 shares of the firm's stock in a transaction dated Monday, June 29th. The stock was acquired at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the purchase, the director owned 655,870 shares of the company's stock, valued at $2,348,014.60. This represents a 2.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company's stock.

Institutional Trading of Brasilagro Cia Brasileira De Propriedades Agricolas

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth approximately $37,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at approximately $68,000. Banco BTG Pactual S.A. purchased a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at approximately $265,000. Renaissance Technologies LLC raised its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company's stock valued at $590,000 after purchasing an additional 119,700 shares in the last quarter. Finally, Windmill Hill Asset Management Ltd raised its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company's stock valued at $508,000 after purchasing an additional 70,898 shares in the last quarter. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

Brasilagro Cia Brasileira De Propriedades Agrícolas is a Brazil-based agribusiness company focused on the acquisition, development and commercialization of agricultural land in key farming regions across the country. The company’s core activities include identifying undervalued or underutilized rural properties, implementing infrastructure improvements and modern farming practices, and either operating the land directly or selling it to third parties. Brasilagro’s land bank spans several states in Brazil, with holdings in Maranhão, Bahia, Tocantins, Goiás and Mato Grosso, among others.

In its agricultural operations, Brasilagro cultivates a variety of crops such as soybeans, corn and cotton, leveraging advances in crop genetics, irrigation and soil management to enhance productivity and sustainability.

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