Alejandro Gustavo Elsztain Acquires 13,500 Shares of Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LND) Stock

Brasilagro Cia Brasileira De Propriedades Agricolas (NYSE:LNDGet Free Report) Director Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock in a transaction dated Tuesday, May 19th. The shares were bought at an average price of $3.74 per share, with a total value of $50,490.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alejandro Gustavo Elsztain also recently made the following trade(s):

  • On Thursday, May 21st, Alejandro Gustavo Elsztain purchased 13,500 shares of Brasilagro Cia Brasileira De Propriedades Agricolas stock. The shares were bought at an average price 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. Brasilagro Cia Brasileira De Propriedades Agricolas has a 1-year low of $3.47 and a 1-year high of $4.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.47 and a quick ratio of 0.69. The business has a fifty day moving average price of $4.01 and a 200-day moving average price of $3.87. The company has a market capitalization of $390.70 million, a PE ratio of -126.79 and a beta of 0.03.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LND shares. Weiss Ratings restated a “sell (d)” rating on shares of Brasilagro Cia Brasileira De Propriedades Agricolas in a report on Friday, March 27th. Wall Street Zen lowered shares of Brasilagro Cia Brasileira De Propriedades Agricolas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brasilagro Cia Brasileira De Propriedades Agricolas currently has an average rating of “Reduce”.

Check Out Our Latest Stock Analysis on Brasilagro Cia Brasileira De Propriedades Agricolas

Hedge Funds Weigh In On Brasilagro Cia Brasileira De Propriedades Agricolas

A number of hedge funds have recently added to or reduced their stakes in the company. SmartHarvest Portfolios LLC raised its holdings in Brasilagro Cia Brasileira De Propriedades Agricolas by 14.1% in the 1st quarter. SmartHarvest Portfolios LLC now owns 21,768 shares of the company’s stock worth $92,000 after acquiring an additional 2,691 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 2nd quarter worth approximately $37,000. ERn Financial LLC purchased a new position in Brasilagro Cia Brasileira De Propriedades Agricolas in the 3rd quarter worth approximately $50,000. Windmill Hill Asset Management Ltd raised its stake in Brasilagro Cia Brasileira De Propriedades Agricolas by 100.0% during the 4th 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 during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in Brasilagro Cia Brasileira De Propriedades Agricolas during the 4th quarter valued at $265,000. 1.15% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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