Comprehensive Money Management Services LLC Sells 35,238 Shares of Adecoagro S.A. $AGRO

Comprehensive Money Management Services LLC lowered its stake in Adecoagro S.A. (NYSE:AGRO) by 61.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,392 shares of the company’s stock after selling 35,238 shares during the quarter. Comprehensive Money Management Services LLC’s holdings in Adecoagro were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming bought a new stake in Adecoagro during the 1st quarter worth approximately $133,000. R Squared Ltd raised its position in shares of Adecoagro by 103.0% during 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 period. Aristides Capital LLC bought a new stake in shares of Adecoagro during the 1st quarter valued at $295,000. Quantbot Technologies LP raised its position in shares of Adecoagro by 5.8% during the 1st quarter. Quantbot Technologies LP now owns 26,888 shares of the company’s stock valued at $300,000 after purchasing an additional 1,481 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Adecoagro during the 1st quarter valued at $320,000. Institutional investors own 45.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group decreased their price target on Adecoagro from $9.90 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, September 3rd. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a research note on Sunday, September 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Adecoagro in a research note on Wednesday. Finally, Morgan Stanley reduced their price objective on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating on the stock in a research report on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $9.60.

Adecoagro Trading Down 2.2%

Shares of AGRO stock opened at $7.55 on Friday. Adecoagro S.A. has a 12-month low of $7.54 and a 12-month high of $11.86. The company has a current ratio of 1.90, a quick ratio of 0.95 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $8.36 and its 200-day moving average price is $9.25. The stock has a market capitalization of $754.92 million, a price-to-earnings ratio of 21.57 and a beta of 0.60.

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

Adecoagro 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.