Eqis Capital Management Inc. purchased a new position in Adecoagro S.A. (NYSE:AGRO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,264 shares of the company’s stock, valued at approximately $182,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley raised its position in Adecoagro by 30.7% in the first quarter. Morgan Stanley now owns 2,902,547 shares of the company’s stock worth $33,263,000 after buying an additional 682,603 shares in the last quarter. Driehaus Capital Management LLC raised its position in Adecoagro by 2,138.7% in the first quarter. Driehaus Capital Management LLC now owns 1,878,678 shares of the company’s stock worth $21,530,000 after buying an additional 1,794,760 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Adecoagro by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 735,504 shares of the company’s stock worth $8,429,000 after buying an additional 23,466 shares in the last quarter. Barings LLC acquired a new position in Adecoagro during the first quarter worth approximately $7,253,000. Finally, Renaissance Technologies LLC raised its position in Adecoagro by 169.7% in the first quarter. Renaissance Technologies LLC now owns 589,300 shares of the company’s stock worth $6,753,000 after buying an additional 370,800 shares in the last quarter. 57.45% of the stock is currently owned by institutional investors and hedge funds.
Adecoagro S.A. (NYSE:AGRO) opened at 9.93 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of 206.88 and a beta of 1.09. The stock has a 50 day moving average of $10.01 and a 200-day moving average of $11.10. Adecoagro S.A. has a 12 month low of $9.38 and a 12 month high of $13.29.
Adecoagro (NYSE:AGRO) last released its quarterly earnings results on Monday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.17. The firm had revenue of $166.09 million for the quarter. Adecoagro had a net margin of 0.61% and a return on equity of 0.83%. Equities research analysts predict that Adecoagro S.A. will post $0.73 earnings per share for the current fiscal year.
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AGRO has been the topic of a number of recent research reports. BidaskClub lowered shares of Adecoagro from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. ValuEngine lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th.
Adecoagro 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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