Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Shares Cross Below 50-Day Moving Average Following Analyst Downgrade

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s stock price passed below its fifty day moving average during trading on Thursday after Itau BBA Securities downgraded the stock from an outperform rating to a market perform rating. The stock has a fifty day moving average of $3.82 and traded as low as $3.80. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $3.83, with a volume of 42,126 shares trading hands.

Institutional Inflows and Outflows

Several 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 shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 2nd quarter valued at about $37,000. Evelyn Partners Investment Management LLP grew its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock worth $71,000 after buying an additional 16,435 shares during the last quarter. SBI Securities Co. Ltd. increased its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 36,799 shares of the company’s stock valued at $141,000 after purchasing an additional 14,651 shares during the period. Citadel Advisors LLC increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 80.4% during the fourth quarter. Citadel Advisors LLC now owns 48,059 shares of the company’s stock valued at $173,000 after buying an additional 21,419 shares during the period. Finally, Northern Trust Corp purchased a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter worth approximately $499,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The firm has a market cap of $392.75 million, a P/E ratio of 7.36 and a beta of 0.50. The business has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $3.81. The company has a quick ratio of 0.94, a current ratio of 1.79 and a debt-to-equity ratio of 0.40.

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported $0.11 EPS for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a net margin of 11.99% and a return on equity of 6.47%. The business had revenue of $60.14 million for the quarter.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas engages in the acquisition, development, exploration, and sale of rural properties suitable for agricultural activities in Brazil and internationally. It operates through six segments: Real Estate, Grains, Sugarcane, livestock, Cotton, and Other.