Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• BrasilAgro shares fell below their 50-day moving average, trading as low as $3.59 versus the $3.69 average, and were down 3.2%.
• Analyst sentiment remains negative: Weiss Ratings downgraded the stock to “sell (d),” while the broader analyst consensus is “Reduce,” split between one Hold and one Sell rating.
• The company reported a quarterly loss of $0.03 per share on $55.92 million in revenue, with negative net margin and return on equity; however, a director purchased 14,500 shares at $3.58 each.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.69 and traded as low as $3.59. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.59, with a volume of 68,191 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 3.2%

The firm has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.84. The company has a quick ratio of 0.77, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $368.62 million, a P/E ratio of -21.12 and a beta of 0.04.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last issued its quarterly earnings results on Friday, September 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative net margin of 9.93% and a negative return on equity of 4.36%. The business had revenue of $55.92 million during the quarter.

Insider Transactions at Brasilagro Cia Brasileira De Propriedades Agricolas

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the firm's stock in a transaction on Monday, June 29th. The shares were purchased at an average price of $3.58 per share, for a total transaction of $51,910.00. Following the completion of the transaction, the director directly owned 655,870 shares in the company, valued at approximately $2,348,014.60. The trade was a 2.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LND. Renaissance Technologies LLC increased its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the 1st quarter. Renaissance Technologies LLC now owns 139,500 shares of the company's stock worth $590,000 after purchasing an additional 119,700 shares in the last quarter. SmartHarvest Portfolios LLC boosted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company's stock valued at $92,000 after acquiring an additional 2,691 shares in the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $265,000. Finally, Windmill Hill Asset Management Ltd grew its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the 4th quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company's stock worth $508,000 after acquiring an additional 70,898 shares during the last quarter. Institutional investors own 1.15% of the company's stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas SA is an agricultural company focused on acquiring, developing, operating and selling rural properties. Its business model combines agricultural production with the identification and improvement of underutilized farmland, with the potential to generate value through property sales and productive operations.

The company cultivates a range of crops, including soybeans, corn, cotton, sugarcane and other grains, and also engages in cattle-raising activities.

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