BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) from a hold rating to a sell rating in a research note released on Saturday morning.

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas Price Performance

BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock opened at $4.97 on Friday. BrasilAgro – Companhia Brasileira de Propriedades Agrícolas has a 52-week low of $4.40 and a 52-week high of $6.00. The stock’s 50 day moving average price is $4.76 and its two-hundred day moving average price is $4.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.24 and a current ratio of 2.09. The stock has a market capitalization of $510.33 million, a price-to-earnings ratio of 9.04 and a beta of 0.83.

Hedge Funds Weigh In On BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

A hedge fund recently raised its stake in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas stock. Renaissance Technologies LLC increased its position in BrasilAgro – Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,735 shares of the company’s stock after purchasing an additional 8,235 shares during the period. Renaissance Technologies LLC owned approximately 0.07% of BrasilAgro – Companhia Brasileira de Propriedades Agrícolas worth $335,000 at the end of the most recent quarter. 1.15% of the stock is currently owned by institutional investors and hedge funds.

About BrasilAgro – Companhia Brasileira de Propriedades Agrícolas

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.