Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.95 and traded as high as $4.30. Brasilagro Cia Brasileira De Propriedades Agricolas shares last traded at $4.26, with a volume of 156,279 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LND shares. Wall Street Zen upgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research note on Monday, December 29th. 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, the stock currently has an average rating of “Reduce”.

Brasilagro Cia Brasileira De Propriedades Agricolas Stock Performance

The company has a current ratio of 1.61, a quick ratio of 0.72 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $3.95 and a 200-day moving average price of $3.81.

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

Several hedge funds and other institutional investors have recently bought and sold shares of LND. Evelyn Partners Investment Management LLP grew its stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 750.8% in the second quarter. Evelyn Partners Investment Management LLP now owns 18,624 shares of the company’s stock worth $71,000 after acquiring an additional 16,435 shares during the period. SBI Securities Co. Ltd. lifted its position in Brasilagro Cia Brasileira De Propriedades Agricolas by 66.2% during the second 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. Windmill Hill Asset Management Ltd lifted its position in 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 purchasing an additional 70,898 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the fourth quarter worth approximately $68,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the second quarter worth approximately $37,000. Institutional investors own 1.15% of the company’s stock.

Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile

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.