Aberdeen Group plc Decreases Stock Position in Adecoagro S.A. $AGRO

Aberdeen Group plc decreased its stake in shares of Adecoagro S.A. (NYSE:AGRO) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,776 shares of the company’s stock after selling 10,863 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of Adecoagro worth $766,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Comprehensive Money Management Services LLC grew its position in shares of Adecoagro by 17.2% during the first quarter. Comprehensive Money Management Services LLC now owns 57,630 shares of the company’s stock worth $644,000 after buying an additional 8,450 shares in the last quarter. Tabor Asset Management LP purchased a new position in Adecoagro in the first quarter worth approximately $328,000. Carrera Capital Advisors grew its holdings in Adecoagro by 15.2% during the 1st quarter. Carrera Capital Advisors now owns 108,303 shares of the company’s stock worth $1,210,000 after acquiring an additional 14,268 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Adecoagro in the 1st quarter valued at approximately $320,000. Finally, R Squared Ltd increased its position in shares of Adecoagro by 103.0% in the 1st quarter. R Squared Ltd now owns 15,128 shares of the company’s stock valued at $169,000 after purchasing an additional 7,676 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen lowered Adecoagro from a “hold” rating to a “sell” rating in a report on Sunday, September 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday, October 8th. UBS Group cut their price target on shares of Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 3rd. Finally, Morgan Stanley reduced their price target on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $9.60.

Adecoagro Stock Up 0.1%

Shares of NYSE:AGRO opened at $7.62 on Friday. Adecoagro S.A. has a 1-year low of $7.54 and a 1-year high of $11.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.90 and a quick ratio of 0.95. The stock has a market cap of $761.42 million, a P/E ratio of 21.76 and a beta of 0.60. The firm has a fifty day moving average price of $8.22 and a 200 day moving average price of $9.14.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings data on Monday, August 18th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.40). Adecoagro had a net margin of 2.30% and a return on equity of 3.24%. The business had revenue of $405.66 million during the quarter, compared to analyst estimates of $402.00 million. Sell-side analysts predict that Adecoagro S.A. will post 1.24 EPS for the current year.

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.