Adecoagro S.A. (NYSE:AGRO) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in Adecoagro S.A. (NYSE:AGRO) by 8.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,789 shares of the company’s stock after selling 2,115 shares during the quarter. Van ECK Associates Corp’s holdings in Adecoagro were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AGRO. Helikon Investments Ltd increased its stake in shares of Adecoagro by 169.2% in the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after acquiring an additional 4,363,628 shares during the period. Citigroup Inc. increased its stake in shares of Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after acquiring an additional 263,125 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Adecoagro by 14,282.7% in the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after acquiring an additional 155,681 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Adecoagro by 84.0% in the third quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company’s stock worth $485,000 after acquiring an additional 20,000 shares during the period. Finally, Rockingstone Advisors LLC acquired a new stake in shares of Adecoagro in the fourth quarter worth $170,000. Institutional investors and hedge funds own 45.25% of the company’s stock.

Adecoagro Stock Performance

Shares of NYSE AGRO opened at $10.80 on Monday. The company’s fifty day moving average price is $9.75 and its 200 day moving average price is $10.66. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.07. The company has a market capitalization of $1.12 billion, a PE ratio of 7.20, a price-to-earnings-growth 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.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus target price 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.