Eqis Capital Management Inc. Invests $182,000 in Adecoagro S.A. (NYSE:AGRO)

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. The institutional investor purchased 18,264 shares of the company’s stock, valued at approximately $182,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC increased its position in shares of 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. Morgan Stanley increased its position in shares of 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. Barings LLC acquired a new position in shares of Adecoagro during the first quarter worth $7,253,000. Norges Bank acquired a new position in shares of Adecoagro during the fourth quarter worth $5,503,000. Finally, Renaissance Technologies LLC increased its position in shares of 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. 58.05% of the stock is owned by institutional investors.

Adecoagro S.A. (AGRO) opened at 9.99 on Friday. The company has a market capitalization of $1.21 billion, a P/E ratio of 45.41 and a beta of 1.09. Adecoagro S.A. has a 52-week low of $9.38 and a 52-week high of $13.29. The firm has a 50-day moving average of $10.03 and a 200 day moving average of $11.05.

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A number of equities research analysts have recently commented on AGRO shares. BidaskClub cut shares of Adecoagro from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. ValuEngine cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th.

About Adecoagro

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.

Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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