Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Pass Above Fifty Day Moving Average - What's Next?

Key Points

• Brasilagro’s shares moved above their 50-day moving average, reaching $3.79 and last trading at $3.7780, compared with a 50-day average of $3.63.
• Analyst sentiment remains cautious: one analyst rates the stock Hold and another Sell, resulting in a consensus “Reduce” rating. The stock has a market capitalization of about $388 million and trades below its 200-day moving average of $3.85.
• Director Alejandro Gustavo Elsztain purchased 14,500 shares for approximately $51,910, while institutional ownership remains limited at 1.15%; Renaissance Technologies notably increased its position by 604.5%.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.63 and traded as high as $3.79. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.7780, with a volume of 24,260 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "hold" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings cut 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 analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce".

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 0.3%

The firm has a market cap of $387.93 million, a price-to-earnings ratio of -125.89 and a beta of 0.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The business has a 50-day moving average of $3.63 and a 200-day moving average of $3.85.

Insider Buying and Selling at Brasilagro Cia Brasileira De Propriedades Agricolas

In related news, Director Alejandro Gustavo Elsztain purchased 14,500 shares of the stock in a transaction on Monday, June 29th. The shares were purchased at an average price of $3.58 per share, with a total value of $51,910.00. Following the transaction, the director directly owned 655,870 shares of the company's stock, valued at $2,348,014.60. This trade represents a 2.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the second quarter worth $37,000. SmartHarvest Portfolios LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $68,000. Banco BTG Pactual S.A. bought a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at about $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 during the period. 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 during the period. 1.15% of the stock is owned by institutional investors.

About Brasilagro Cia Brasileira De Propriedades Agricolas

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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