Key Points
- Director Alejandro Gustavo Elsztain bought 11,750 shares of BrasilAgro at an average price of $3.73, investing $43,827.50 and increasing his ownership by 1.64% to 727,120 shares.
- The director also purchased 30,000 shares in two earlier transactions, bringing his recent total acquisitions to 41,750 shares.
- BrasilAgro shares opened at $3.68 and were up 4.8%; however, the company reported a quarterly loss of $0.03 per share, and the sole analyst covering the stock maintains a Sell rating.
Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) Director Alejandro Gustavo Elsztain acquired 11,750 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was purchased at an average price of $3.73 per share, with a total value of $43,827.50. Following the completion of the transaction, the director owned 727,120 shares of the company's stock, valued at approximately $2,712,157.60. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Alejandro Gustavo Elsztain also recently made the following trade(s):
- On Friday, October 2nd, Alejandro Gustavo Elsztain acquired 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were purchased at an average cost of $3.48 per share, with a total value of $52,200.00.
- On Wednesday, September 30th, Alejandro Gustavo Elsztain bought 15,000 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were acquired at an average price of $3.48 per share, for a total transaction of $52,200.00.
Brasilagro Cia Brasileira De Propriedades Agricolas Stock Up 4.8%
Shares of NYSE LND opened at $3.68 on Tuesday. The firm has a market capitalization of $377.86 million, a PE ratio of -21.65 and a beta of 0.07. The company has a current ratio of 1.54, a quick ratio of 0.77 and a debt-to-equity ratio of 0.43. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1 year low of $3.37 and a 1 year high of $4.45. The firm's 50-day moving average is $3.65 and its 200-day moving average is $3.76.
Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND - Get Free Report) last posted its quarterly earnings results on Friday, September 4th. The company reported ($0.03) earnings per share for the quarter. Brasilagro Cia Brasileira De Propriedades Agricolas had a negative return on equity of 4.36% and a negative net margin of 9.93%.The business had revenue of $55.92 million for the quarter.
Institutional Investors Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas
Several hedge funds have recently bought and sold shares of the company. SmartHarvest Portfolios LLC boosted 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 worth $92,000 after purchasing an additional 2,691 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of Brasilagro Cia Brasileira De Propriedades Agricolas in the 4th quarter valued at $265,000. Finally, Renaissance Technologies LLC increased its position 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. 1.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Weiss Ratings raised Brasilagro Cia Brasileira De Propriedades Agricolas from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, September 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Brasilagro Cia Brasileira De Propriedades Agricolas has an average rating of "Sell".
View Our Latest Analysis on Brasilagro Cia Brasileira De Propriedades Agricolas
About Brasilagro Cia Brasileira De Propriedades Agricolas
(
Get Free Report)
BrasilAgro – Companhia Brasileira de Propriedades Agrícolas is an agricultural land development and production company headquartered in Brazil. The company acquires, develops, operates and, when appropriate, sells rural properties, with a business model that combines agricultural production with the appreciation and monetization of farmland.
Its agricultural activities include the cultivation of grains, such as soybeans, corn and wheat, as well as cotton and sugarcane. BrasilAgro also operates cattle-raising activities and may rotate or diversify crops according to regional conditions, land characteristics and market opportunities.
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