Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Announces Quarterly Earnings Results

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) issued its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $58.07 million 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%.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Down 1.4%

Shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock traded down $0.04 during trading on Thursday, hitting $3.25. 31,870 shares of the stock were exchanged, compared to its average volume of 69,606. The stock has a market cap of $333.20 million, a price-to-earnings ratio of -19.16 and a beta of 0.11. The firm’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.79. Brasilagro Cia Brasileira De Propriedades Agricolas has a 12-month low of $3.10 and a 12-month high of $4.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 0.77.

Insider Activity

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Elsztain bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was purchased at an average price of $3.48 per share, for a total transaction of $52,200.00. Following the completion of the purchase, the director directly owned 715,370 shares in the company, valued at $2,489,487.60. This trade represents a 2.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders bought 41,750 shares of company stock worth $148,228. Corporate insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge funds have recently added to or reduced their stakes in the stock. Corecam Pte. Ltd. lifted its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 22.2% during the 3rd quarter. Corecam Pte. Ltd. now owns 37,360 shares of the company’s stock worth $130,000 after buying an additional 6,780 shares during the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 119,700 shares in the last quarter. Finally, Grace & White Inc. NY grew its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 2.6% in the 3rd quarter. Grace & White Inc. NY now owns 793,582 shares of the company’s stock valued at $2,754,000 after buying an additional 20,000 shares during the last quarter. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a research note on Saturday, October 10th. 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 Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Brasilagro Cia Brasileira De Propriedades Agricolas

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land company focused on acquiring, developing and operating rural properties. The company combines agricultural production with the improvement and, when appropriate, sale of farmland, seeking to create value through the development of underutilized properties.

Its operations include the cultivation of crops such as soybeans, corn, cotton and sugarcane, as well as cattle-raising activities and other agricultural operations.