Adecoagro (NYSE:AGRO – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Adecoagro Stock Performance
AGRO opened at $10.73 on Thursday. The firm has a market cap of $1.12 billion, a P/E ratio of 7.15, a PEG ratio of 1.30 and a beta of 1.03. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.07. The company has a 50 day simple moving average of $9.74 and a two-hundred day simple moving average of $10.62. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.
Institutional Investors Weigh In On Adecoagro
A number of hedge funds have recently bought and sold shares of AGRO. Blue Trust Inc. increased its position in Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after acquiring an additional 6,792 shares during the last quarter. Helikon Investments Ltd increased its position in Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock valued at $76,846,000 after acquiring an additional 4,363,628 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Adecoagro during the third quarter valued at $195,000. Citigroup Inc. increased its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after acquiring an additional 263,125 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Adecoagro by 14,282.7% during the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock valued at $1,735,000 after acquiring an additional 155,681 shares during the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.
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.
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