Capital Fund Management S.A. purchased a new position in Adecoagro SA (NYSE:AGRO) during the second quarter, Holdings Channel reports. The firm purchased 61,500 shares of the company’s stock, valued at approximately $675,000.
Other large investors have also modified their holdings of the company. BlackRock Group LTD raised its stake in shares of Adecoagro SA by 267.1% in the first quarter. BlackRock Group LTD now owns 873,359 shares of the company’s stock worth $10,088,000 after buying an additional 635,426 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Adecoagro SA by 70.1% in the first quarter. Renaissance Technologies LLC now owns 1,380,000 shares of the company’s stock worth $15,939,000 after buying an additional 568,800 shares during the last quarter. Teachers Advisors Inc. acquired a new stake in shares of Adecoagro SA during the first quarter worth $2,490,000. Moore Capital Management LP acquired a new stake in shares of Adecoagro SA during the first quarter worth $2,021,000. Finally, Deltec Asset Management LLC raised its stake in shares of Adecoagro SA by 50.9% in the second quarter. Deltec Asset Management LLC now owns 131,310 shares of the company’s stock worth $1,440,000 after buying an additional 44,310 shares during the last quarter. Institutional investors and hedge funds own 60.87% of the company’s stock.
Adecoagro SA (NYSE:AGRO) traded down 1.29% during midday trading on Tuesday, hitting $11.45. The company had a trading volume of 320,795 shares. The firm has a 50-day moving average price of $10.70 and a 200-day moving average price of $10.83. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 113.37 and a beta of 1.06. Adecoagro SA has a 12 month low of $8.80 and a 12 month high of $13.42.
Adecoagro SA (NYSE:AGRO) last posted its quarterly earnings results on Friday, August 12th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.21. Adecoagro SA had a negative net margin of 2.43% and a negative return on equity of 2.37%. Equities analysts anticipate that Adecoagro SA will post $0.44 EPS for the current year.
Separately, Zacks Investment Research downgraded Adecoagro SA from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Adecoagro SA currently has a consensus rating of “Buy” and a consensus price target of $12.88.
Adecoagro SA Company Profile
Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.
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