Principal Securities Inc. Has $320,000 Position in Adecoagro S.A. (NYSE:AGRO)

Principal Securities Inc. increased its holdings in Adecoagro S.A. (NYSE:AGRO) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,886 shares of the company’s stock after purchasing an additional 2,970 shares during the period. Principal Securities Inc.’s holdings in Adecoagro were worth $320,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ping Capital Management Inc. lifted its position in shares of Adecoagro by 1.9% during the 4th quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock worth $990,000 after buying an additional 2,000 shares during the period. R Squared Ltd bought a new position in shares of Adecoagro during the fourth quarter valued at $70,000. Helikon Investments Ltd boosted its stake in shares of Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock valued at $65,792,000 after purchasing an additional 35,000 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after purchasing an additional 6,387 shares during the last quarter. Finally, Rockingstone Advisors LLC acquired a new stake in shares of Adecoagro during the 4th quarter worth about $170,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Price Performance

Adecoagro stock opened at $10.80 on Friday. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.07. The firm has a market cap of $1.12 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The business’s fifty day moving average is $9.75 and its two-hundred day moving average is $10.65.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.63.

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.