Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) by 6.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,243 shares of the company’s stock after selling 2,839 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.06% of Bioceres Crop Solutions worth $309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIOX. Lazard Asset Management LLC acquired a new position in Bioceres Crop Solutions during the 1st quarter worth approximately $212,000. Ping Capital Management Inc. purchased a new stake in Bioceres Crop Solutions during the 2nd quarter worth approximately $448,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Bioceres Crop Solutions during the 2nd quarter worth approximately $472,000. Dimensional Fund Advisors LP increased its holdings in Bioceres Crop Solutions by 9.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock worth $688,000 after purchasing an additional 5,341 shares during the last quarter. Finally, Oak Family Advisors LLC increased its holdings in Bioceres Crop Solutions by 1.9% during the 2nd quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after purchasing an additional 1,208 shares during the last quarter. 17.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on BIOX. Oppenheimer dropped their price objective on Bioceres Crop Solutions from $16.00 to $13.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Canaccord Genuity Group dropped their price objective on Bioceres Crop Solutions from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Lake Street Capital lowered their price target on Bioceres Crop Solutions from $25.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Roth Mkm lowered their price target on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $12.13.

Bioceres Crop Solutions Trading Up 1.6 %

Shares of BIOX stock opened at $6.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.27. Bioceres Crop Solutions Corp. has a 1 year low of $5.71 and a 1 year high of $14.05. The stock has a fifty day moving average of $7.33 and a two-hundred day moving average of $9.63. The firm has a market capitalization of $406.01 million, a PE ratio of 323.16 and a beta of 0.49.

Bioceres Crop Solutions (NASDAQ:BIOX) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.11). Bioceres Crop Solutions had a net margin of 0.53% and a return on equity of 0.68%. The company had revenue of $92.60 million during the quarter, compared to analyst estimates of $117.15 million. During the same quarter last year, the business earned ($0.07) EPS. As a group, research analysts expect that Bioceres Crop Solutions Corp. will post 0.12 EPS for the current year.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through Seed and Integrated Products, Crop Protection, and Crop Nutrition segments. The Seed and Integrated Products segment provides seed traits, germplasms, and seed treatment packs for healthier, and higher yielding crops.