Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.96 and traded as low as $3.75. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.7650, with a volume of 54,844 shares traded.

Analysts Set New Price Targets

LND has been the topic of several recent analyst reports. Wall Street Zen downgraded 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 upgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. One equities research 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, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm has a market cap of $386.59 million, a P/E ratio of -125.46 and a beta of 0.03. The stock’s 50 day moving average is $3.96 and its two-hundred day moving average is $3.87. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69.

Insiders Place Their Bets

In other Brasilagro Cia Brasileira De Propriedades Agricolas news, Director Alejandro Gustavo Elsztain bought 13,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $3.82 per share, with a total value of $51,570.00. Following the completion of the purchase, the director directly owned 598,870 shares in the company, valued at $2,287,683.40. The trade was a 2.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LND. Renaissance Technologies LLC boosted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 604.5% in the first 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. Banco BTG Pactual S.A. acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at about $265,000. Windmill Hill Asset Management Ltd boosted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% in the fourth quarter. Windmill Hill Asset Management Ltd now owns 141,796 shares of the company’s stock valued at $508,000 after buying an additional 70,898 shares in the last quarter. SmartHarvest Portfolios LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter valued at about $68,000. Finally, EverSource Wealth Advisors LLC acquired a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter valued at about $37,000. 1.15% of the stock is currently owned by institutional investors and hedge funds.

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.