Adecoagro (NYSE:AGRO) Shares Gap Down – Here’s Why

Adecoagro S.A. (NYSE:AGRO)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $10.79, but opened at $10.41. Adecoagro shares last traded at $10.73, with a volume of 172,604 shares traded.

Wall Street Analyst Weigh In

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

Adecoagro Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09. The business’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $10.66. The stock has a market cap of $1.12 billion, a P/E ratio of 7.16, a PEG ratio of 1.42 and a beta of 1.03.

Institutional Investors Weigh In On Adecoagro

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vise Technologies Inc. bought a new position in Adecoagro during the 4th quarter valued at about $153,000. PharVision Advisers LLC bought a new position in shares of Adecoagro in the fourth quarter valued at approximately $225,000. Voloridge Investment Management LLC boosted its holdings in shares of Adecoagro by 3.5% in the 4th quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company’s stock worth $4,486,000 after acquiring an additional 16,291 shares in the last quarter. Vident Advisory LLC grew its position in Adecoagro by 15.8% during the 4th quarter. Vident Advisory LLC now owns 29,891 shares of the company’s stock worth $282,000 after acquiring an additional 4,089 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Adecoagro by 36.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,723 shares of the company’s stock valued at $563,000 after purchasing an additional 15,923 shares in the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

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.