Adecoagro (NYSE:AGRO) Shares Gap Up – Time to Buy?

Adecoagro S.A. (NYSE:AGRO)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.72, but opened at $11.45. Adecoagro shares last traded at $10.89, with a volume of 191,808 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a 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. According to data from MarketBeat, Adecoagro has a consensus rating of “Hold” and an average price target of $12.63.

Adecoagro Stock Performance

The firm has a market capitalization of $1.13 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. 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 company’s fifty day moving average price is $10.09 and its two-hundred day moving average price is $10.65.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Comprehensive Money Management Services LLC purchased a new position in shares of Adecoagro during the 4th quarter worth about $464,000. Vise Technologies Inc. purchased a new position in Adecoagro in the fourth quarter valued at approximately $153,000. PharVision Advisers LLC purchased a new position in Adecoagro in the fourth quarter valued at approximately $225,000. Voloridge Investment Management LLC raised its holdings in Adecoagro by 3.5% in the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company’s stock valued at $4,486,000 after buying an additional 16,291 shares during the period. Finally, Vident Advisory LLC raised its holdings in Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock valued at $282,000 after buying an additional 4,089 shares during the period. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

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.