Adecoagro S.A. (NYSE:AGRO) Shares Sold by Amundi

Amundi trimmed its holdings in Adecoagro S.A. (NYSE:AGRO) by 16.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 695,236 shares of the company’s stock after selling 132,646 shares during the quarter. Amundi owned about 0.67% of Adecoagro worth $6,595,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Adecoagro in the 3rd quarter valued at $37,000. Point72 Hong Kong Ltd boosted its stake in Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $58,000 after acquiring an additional 933 shares in the last quarter. R Squared Ltd purchased a new position in shares of Adecoagro during the fourth quarter worth about $70,000. Blue Trust Inc. increased its position in shares of Adecoagro by 87.2% during the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock worth $129,000 after purchasing an additional 6,387 shares in the last quarter. Finally, Rockingstone Advisors LLC purchased a new stake in shares of Adecoagro in the 4th quarter valued at about $170,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.63.

Adecoagro Price Performance

Shares of NYSE:AGRO opened at $10.81 on Friday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 1.43 and a beta of 0.98. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.08. The company has a 50-day simple moving average of $10.09 and a 200-day simple moving average of $10.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.

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.