Adecoagro S.A. (NYSE:AGRO) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in shares of Adecoagro S.A. (NYSE:AGRO) by 36.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 14,885 shares of the company’s stock after selling 8,614 shares during the quarter. Keybank National Association OH’s holdings in Adecoagro were worth $140,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Adecoagro in the 3rd quarter worth $37,000. Point72 Hong Kong Ltd grew its holdings in shares of Adecoagro by 21.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock worth $58,000 after acquiring an additional 933 shares during the last quarter. R Squared Ltd acquired a new position in shares of Adecoagro in the 4th quarter worth $70,000. 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 acquiring an additional 6,387 shares during the last quarter. Finally, Rockingstone Advisors LLC acquired a new position in shares of Adecoagro in the 4th quarter worth $170,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Performance

Shares of Adecoagro stock opened at $10.83 on Wednesday. The stock has a market cap of $1.13 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. The business has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $10.65. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 12 month low of $8.72 and a 12 month high of $12.07.

Adecoagro Profile

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.