Key Points
- Director Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro on May 19 at an average price of $3.74, for a total of $50,490. After the purchase, he owned 571,870 shares worth about $2.14 million.
- Elsztain made another purchase two days later, buying an additional 13,500 shares on May 21 at $3.82 per share for $51,570, signaling continued insider confidence.
- Analysts remain cautious on LND, with recent calls including a sell rating and a consensus “Reduce” rating. The stock was trading near $3.81, below its 50-day average of $4.01.
Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain bought 13,500 shares of the firm's stock in a transaction on Tuesday, May 19th. The shares were acquired at an average cost of $3.74 per share, with a total value of $50,490.00. Following the purchase, the director directly owned 571,870 shares of the company's stock, valued at approximately $2,138,793.80. This represents a 2.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Thursday, May 21st, Alejandro Gustavo Elsztain bought 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average cost of $3.82 per share, with a total value of $51,570.00.
Brasilagro Cia Brasileira De Propriedades Agricolas Price Performance
Shares of NYSE LND opened at $3.81 on Friday. The company has a 50 day simple moving average of $4.01 and a two-hundred day simple moving average of $3.87. Brasilagro Cia Brasileira De Propriedades Agricolas has a fifty-two week low of $3.47 and a fifty-two week high of $4.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.47. The company has a market capitalization of $390.70 million, a price-to-earnings ratio of -126.79 and a beta of 0.03.
Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position 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 in the last quarter. SmartHarvest Portfolios LLC increased its position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% during the first quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company's stock valued at $92,000 after acquiring an additional 2,691 shares in the last quarter. Banco BTG Pactual S.A. bought a new stake in shares of Brasilagro Cia Brasileira De Propriedades Agricolas during the fourth quarter valued at approximately $265,000. Windmill Hill Asset Management Ltd boosted its holdings 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 worth $508,000 after purchasing an additional 70,898 shares during the last quarter. Finally, ERn Financial LLC purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas in the third quarter worth approximately $50,000. Institutional investors own 1.15% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on LND shares. Weiss Ratings reissued a "sell (d)" rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. One 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, the company has a consensus rating of "Reduce".
View Our Latest Report on LND
Brasilagro Cia Brasileira De Propriedades Agricolas Company Profile
(
Get Free Report)
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.
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