Adecoagro S.A. (NYSE:AGRO – Get Free Report)’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.
Get Our Latest Analysis on AGRO
Adecoagro Stock Performance
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.
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