MQS Management LLC Grows Position in Adecoagro S.A. (NYSE:AGRO)

MQS Management LLC grew its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 55.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,081 shares of the company’s stock after purchasing an additional 15,298 shares during the period. MQS Management LLC’s holdings in Adecoagro were worth $419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC lifted its stake in shares of Adecoagro by 10.5% in the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock valued at $65,379,000 after purchasing an additional 561,352 shares during the period. Helikon Investments Ltd lifted its position in shares of Adecoagro by 2.0% during the 2nd quarter. Helikon Investments Ltd now owns 2,578,229 shares of the company’s stock valued at $25,086,000 after acquiring an additional 51,305 shares during the period. Boston Partners lifted its position in shares of Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock valued at $7,489,000 after acquiring an additional 546,465 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Adecoagro in the 1st quarter worth approximately $4,174,000. Finally, Claret Asset Management Corp grew its holdings in shares of Adecoagro by 3.1% in the 4th quarter. Claret Asset Management Corp now owns 300,512 shares of the company’s stock worth $3,336,000 after acquiring an additional 9,110 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Morgan Stanley cut Adecoagro from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $14.50 to $12.50 in a report on Tuesday. StockNews.com downgraded Adecoagro from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Bank of America dropped their target price on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. upgraded shares of Adecoagro from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $10.50 to $11.50 in a research report on Monday, July 1st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.63.

Adecoagro Stock Performance

NYSE AGRO opened at $11.64 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a fifty-two week low of $8.72 and a fifty-two week high of $12.51. The business has a fifty day moving average of $10.41 and a 200-day moving average of $10.34. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 4.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.03 EPS for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The business had revenue of $411.42 million during the quarter. As a group, analysts predict that Adecoagro S.A. will post 1.53 earnings per share for the current fiscal year.

Adecoagro Company 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.