nVerses Capital LLC Invests $94,000 in Adecoagro S.A. (NYSE:AGRO)

nVerses Capital LLC bought a new stake in shares of Adecoagro S.A. (NYSE:AGRO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,500 shares of the company’s stock, valued at approximately $94,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its position in Adecoagro by 10.5% during the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after purchasing an additional 561,352 shares during the period. Herr Investment Group LLC lifted its position in Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after purchasing an additional 616,345 shares during the period. Helikon Investments Ltd lifted its position in Adecoagro by 2.0% during the second quarter. Helikon Investments Ltd now owns 2,578,229 shares of the company’s stock valued at $25,086,000 after purchasing an additional 51,305 shares during the period. Discovery Capital Management LLC CT lifted its position in Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock valued at $23,124,000 after purchasing an additional 667,878 shares during the period. Finally, Boston Partners lifted its position in Adecoagro by 410.7% during the first quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after purchasing an additional 546,465 shares during the period. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGRO has been the subject of a number of research reports. StockNews.com downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. UBS Group started coverage on shares of Adecoagro in a report on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective for the company. Bank of America cut their price objective on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. JPMorgan Chase & Co. raised shares of Adecoagro from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $10.50 to $11.50 in a report on Monday, July 1st. Finally, Morgan Stanley cut shares of Adecoagro from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.50 to $12.50 in a report on Tuesday, September 17th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Down 0.1 %

AGRO stock opened at $11.38 on Monday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 4.82, a P/E/G ratio of 1.06 and a beta of 1.08. The firm has a 50-day simple moving average of $11.20 and a 200-day simple moving average of $10.47. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.51.

Adecoagro (NYSE:AGRO) last released its earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. The business had revenue of $411.42 million during the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. Equities analysts forecast that Adecoagro S.A. will post 1.68 earnings per share for the current fiscal year.

About Adecoagro

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.