Aberdeen Group plc Lowers Position in Adecoagro S.A. $AGRO

Aberdeen Group plc lessened its holdings in Adecoagro S.A. (NYSE:AGRO) by 11.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,776 shares of the company’s stock after selling 10,863 shares during the quarter. Aberdeen Group plc’s holdings in Adecoagro were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Helikon Investments Ltd grew its holdings in Adecoagro by 72.5% during the first quarter. Helikon Investments Ltd now owns 12,037,204 shares of the company’s stock worth $134,456,000 after acquiring an additional 5,060,347 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Adecoagro by 24.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock worth $24,496,000 after purchasing an additional 431,641 shares in the last quarter. Amundi grew its stake in shares of Adecoagro by 5.1% during the 1st quarter. Amundi now owns 730,766 shares of the company’s stock worth $8,177,000 after purchasing an additional 35,530 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Adecoagro by 155.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 314,481 shares of the company’s stock valued at $3,513,000 after purchasing an additional 191,431 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Adecoagro by 20.5% in the first quarter. Jane Street Group LLC now owns 189,055 shares of the company’s stock valued at $2,112,000 after purchasing an additional 32,169 shares during the period. 45.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Adecoagro Stock Up 0.1%

Shares of NYSE:AGRO opened at $7.62 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.90 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $761.42 million, a P/E ratio of 21.76 and a beta of 0.60. Adecoagro S.A. has a 52-week low of $7.54 and a 52-week high of $11.86. The stock’s fifty day simple moving average is $8.22 and its 200-day simple moving average is $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). The company had revenue of $405.66 million for the quarter, compared to analysts’ expectations of $402.00 million. Adecoagro had a return on equity of 3.24% and a net margin of 2.30%. As a group, equities research analysts forecast that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

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.