Magnetar Financial LLC Acquires New Shares in Adecoagro S.A. (NYSE:AGRO)

Magnetar Financial LLC acquired a new stake in Adecoagro S.A. (NYSE:AGRO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,764 shares of the company’s stock, valued at approximately $526,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd lifted its holdings 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 during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Adecoagro by 1.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock valued at $1,657,000 after acquiring an additional 1,900 shares during the last quarter. Ping Capital Management Inc. lifted its holdings in Adecoagro by 1.9% in the fourth quarter. Ping Capital Management Inc. now owns 105,000 shares of the company’s stock valued at $990,000 after acquiring an additional 2,000 shares during the last quarter. Principal Securities Inc. lifted its holdings in Adecoagro by 9.6% in the fourth quarter. Principal Securities Inc. now owns 33,886 shares of the company’s stock valued at $320,000 after acquiring an additional 2,970 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Adecoagro in the third quarter valued at approximately $37,000. 45.25% of the stock is currently owned by institutional investors and hedge funds.

Adecoagro Stock Down 0.6 %

NYSE:AGRO opened at $10.83 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $10.19 and its two-hundred day moving average is $10.65. Adecoagro S.A. has a 52 week low of $8.72 and a 52 week high of $12.08. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Adecoagro from a “buy” rating to a “hold” rating in a research note 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.com, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.63.

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.