Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.68 and traded as high as $3.69. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.6540, with a volume of 28,428 shares traded.

Analyst Upgrades and Downgrades

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

Brasilagro Cia Brasileira De Propriedades Agricolas Trading Down 0.2%

The firm has a market cap of $375.19 million, a P/E ratio of -121.76 and a beta of 0.03. The business’s 50-day moving average is $3.68 and its two-hundred day moving average is $3.89. The company has a current ratio of 1.47, a quick ratio of 0.69 and a debt-to-equity ratio of 0.42.

Insider Buying and Selling

In related news, Director Alejandro Gustavo Elsztain bought 14,500 shares of the stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $3.58 per share, with a total value of $51,910.00. Following the completion of the acquisition, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 56,000 shares of company stock valued at $205,010 in the last three months. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter worth $37,000. SmartHarvest Portfolios LLC acquired a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth $68,000. Banco BTG Pactual S.A. bought a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at $265,000. Windmill Hill Asset Management Ltd boosted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after acquiring an additional 70,898 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% during the first quarter. Renaissance Technologies LLC now owns 139,500 shares of the company’s stock valued at $590,000 after acquiring an additional 119,700 shares during the period. Institutional investors and hedge funds own 1.15% of the company’s stock.

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.