Helikon Investments Ltd Cuts Holdings in Adecoagro S.A. $AGRO

Helikon Investments Ltd lessened its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 76.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,825,500 shares of the company’s stock after selling 9,211,704 shares during the period. Adecoagro makes up approximately 1.6% of Helikon Investments Ltd’s portfolio, making the stock its 15th biggest holding. Helikon Investments Ltd owned 2.83% of Adecoagro worth $25,825,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vise Technologies Inc. acquired a new stake in shares of Adecoagro during the 2nd quarter valued at approximately $277,000. Sparta 24 Ltd. acquired a new stake in Adecoagro during the 2nd quarter valued at $19,197,000. Goldman Sachs Group Inc. boosted its stake in shares of Adecoagro by 48.4% during the first quarter. Goldman Sachs Group Inc. now owns 86,739 shares of the company’s stock valued at $969,000 after acquiring an additional 28,275 shares during the last quarter. Jane Street Group LLC raised its stake in Adecoagro by 20.5% in the 1st 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Adecoagro by 24.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,192,978 shares of the company’s stock worth $24,496,000 after buying an additional 431,641 shares in the last quarter. Hedge funds and other institutional investors own 45.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGRO. Wall Street Zen downgraded Adecoagro from a “hold” rating to a “sell” rating in a research report on Sunday, September 7th. Morgan Stanley lowered their target price on shares of Adecoagro from $10.00 to $9.50 and set an “underweight” rating for the company in a report on Wednesday, July 16th. 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, Weiss Ratings reiterated a “sell (d+)” rating on shares of Adecoagro in a report on Wednesday, October 8th. One equities research 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 company has an average rating of “Strong Sell” and an average price target of $9.60.

Adecoagro Stock Performance

NYSE:AGRO opened at $7.88 on Thursday. 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 firm has a market capitalization of $788.32 million, a price-to-earnings ratio of 34.28 and a beta of 0.62. The firm’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $8.71. Adecoagro S.A. has a twelve month low of $7.42 and a twelve month high of $11.78.

Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Tuesday, November 11th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.20. The firm had revenue of $304.21 million during the quarter, compared to the consensus estimate of $377.18 million. Adecoagro had a return on equity of 3.10% and a net margin of 1.67%. As a group, equities research analysts expect that Adecoagro S.A. will post 1.24 earnings per share for the current fiscal year.

Adecoagro Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 3rd will be issued a $0.1749 dividend. This represents a yield of 444.0%. The ex-dividend date is Monday, November 3rd. Adecoagro’s dividend payout ratio is currently 100.00%.

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.