Tower Research Capital LLC TRC Boosts Holdings in Adecoagro S.A. (NYSE:AGRO)

Tower Research Capital LLC TRC lifted its holdings in Adecoagro S.A. (NYSE:AGRO) by 168.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,659 shares of the company’s stock after buying an additional 2,923 shares during the period. Tower Research Capital LLC TRC’s holdings in Adecoagro were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGRO. NBC Securities Inc. purchased a new position in shares of Adecoagro in the third quarter worth about $54,000. Principal Securities Inc. acquired a new stake in Adecoagro during the fourth quarter worth about $204,000. Handelsbanken Fonder AB increased its position in Adecoagro by 31.6% during the third quarter. Handelsbanken Fonder AB now owns 18,558 shares of the company’s stock worth $217,000 after purchasing an additional 4,458 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in Adecoagro during the fourth quarter worth about $225,000. Finally, Metis Global Partners LLC acquired a new stake in Adecoagro during the third quarter worth about $272,000. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Adecoagro from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.17.

Adecoagro Trading Down 2.6 %

Shares of AGRO traded down $0.29 during trading on Tuesday, reaching $10.86. 713,409 shares of the company traded hands, compared to its average volume of 496,924. Adecoagro S.A. has a twelve month low of $8.11 and a twelve month high of $12.51. The stock has a market cap of $1.15 billion, a PE ratio of 5.14 and a beta of 1.12. The stock has a 50-day simple moving average of $10.62 and a 200-day simple moving average of $10.70. The company has a quick ratio of 1.20, a current ratio of 2.14 and a debt-to-equity ratio of 0.55.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.15) earnings per share for the quarter. Adecoagro had a net margin of 17.42% and a return on equity of 10.86%. The company had revenue of $263.95 million for the quarter. On average, analysts anticipate that Adecoagro S.A. will post 1.69 earnings per share 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.