Aristides Capital LLC Makes New $231,000 Investment in Adecoagro S.A. (NYSE:AGRO)

Aristides Capital LLC acquired a new stake in Adecoagro S.A. (NYSE:AGRO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 23,780 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Helikon Investments Ltd grew its position in Adecoagro by 95.5% during the 1st quarter. Helikon Investments Ltd now owns 2,526,924 shares of the company’s stock worth $27,847,000 after acquiring an additional 1,234,654 shares during the last quarter. Discovery Capital Management LLC CT grew its holdings in shares of Adecoagro by 39.1% in the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock worth $23,124,000 after purchasing an additional 667,878 shares during the last quarter. Herr Investment Group LLC increased its stake in shares of Adecoagro by 30.3% in the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock worth $25,780,000 after buying an additional 616,345 shares during the period. Jennison Associates LLC raised its holdings in Adecoagro by 10.5% during the 1st quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after buying an additional 561,352 shares during the last quarter. Finally, Boston Partners boosted its position in Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after buying an additional 546,465 shares during the period. Institutional investors own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of AGRO stock opened at $11.07 on Tuesday. The company’s fifty day moving average price is $10.70 and its 200-day moving average price is $10.42. The stock has a market cap of $1.15 billion, a PE ratio of 4.69, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. The company has a current ratio of 2.42, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.51.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, August 12th. The company reported $1.03 EPS for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The business had revenue of $411.42 million for the quarter. On average, equities analysts expect that Adecoagro S.A. will post 1.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $10.50 to $11.50 in a research report on Monday, July 1st. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Bank of America cut their target price on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating on the stock in a research note on Monday, September 9th. Finally, Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Adecoagro currently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.