Adecoagro (NYSE:AGRO – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41), Zacks reports. Adecoagro had a net margin of 3.03% and a negative return on equity of 0.39%. The firm had revenue of $538.50 million during the quarter, compared to the consensus estimate of $602.01 million.
Adecoagro Price Performance
Shares of NYSE:AGRO traded down $0.17 during trading on Thursday, hitting $9.12. 524,113 shares of the company were exchanged, compared to its average volume of 1,081,659. Adecoagro has a 1-year low of $6.89 and a 1-year high of $15.89. The company has a market capitalization of $1.30 billion, a P/E ratio of 27.58 and a beta of -0.04. The company has a quick ratio of 0.86, a current ratio of 1.74 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $10.08 and its 200-day moving average is $11.22.
Institutional Trading of Adecoagro
A number of hedge funds have recently made changes to their positions in AGRO. Invesco Ltd. increased its stake in shares of Adecoagro by 86.5% in the second quarter. Invesco Ltd. now owns 458,693 shares of the company’s stock valued at $4,192,000 after buying an additional 212,685 shares during the period. Ghisallo Capital Management LLC acquired a new stake in Adecoagro during the 4th quarter worth approximately $2,987,000. Ameriprise Financial Inc. boosted its position in Adecoagro by 32.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 370,391 shares of the company’s stock worth $3,385,000 after buying an additional 90,518 shares during the period. HRT Financial LP grew its holdings in Adecoagro by 13.4% during the 4th quarter. HRT Financial LP now owns 312,828 shares of the company’s stock worth $2,480,000 after acquiring an additional 36,857 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Adecoagro by 49.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 286,815 shares of the company’s stock valued at $2,274,000 after acquiring an additional 94,297 shares during the period. 45.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on AGRO
About Adecoagro
Adecoagro (NYSE: AGRO) is a leading agricultural and renewable energy company with core operations in South America. Founded in 2002 by Argentine entrepreneur Alejandro Bulgheroni, the company has grown into a vertically integrated platform covering crop production, sugar and ethanol manufacturing, and dairy operations. Adecoagro’s business model spans the full value chain, from seed selection and planting through harvesting, processing and distribution of commodities.
The company manages over 700,000 hectares of farmland across Argentina, Brazil and Uruguay.
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