Somerset Capital Management LLP Decreases Holdings in Adecoagro SA (AGRO)

Somerset Capital Management LLP cut its holdings in shares of Adecoagro SA (NYSE:AGRO) by 45.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,235 shares of the company’s stock after selling 14,320 shares during the quarter. Adecoagro accounts for about 0.0% of Somerset Capital Management LLP’s investment portfolio, making the stock its 17th largest holding. Somerset Capital Management LLP’s holdings in Adecoagro were worth $178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System boosted its position in Adecoagro by 116.4% during the 2nd quarter. California Public Employees Retirement System now owns 38,300 shares of the company’s stock worth $383,000 after acquiring an additional 20,600 shares during the period. GSA Capital Partners LLP raised its stake in shares of Adecoagro by 238.9% during the 3rd quarter. GSA Capital Partners LLP now owns 43,071 shares of the company’s stock worth $465,000 after purchasing an additional 30,361 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Adecoagro by 26.5% during the 3rd quarter. New York State Common Retirement Fund now owns 182,067 shares of the company’s stock worth $1,966,000 after purchasing an additional 38,165 shares in the last quarter. Virtu KCG Holdings LLC raised its stake in shares of Adecoagro by 106.3% during the 2nd quarter. Virtu KCG Holdings LLC now owns 27,108 shares of the company’s stock worth $271,000 after purchasing an additional 13,968 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Adecoagro by 32.1% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 554,118 shares of the company’s stock worth $5,536,000 after purchasing an additional 134,500 shares in the last quarter. Hedge funds and other institutional investors own 43.23% of the company’s stock.

Shares of Adecoagro SA (AGRO) opened at $9.44 on Friday. Adecoagro SA has a one year low of $8.33 and a one year high of $12.90. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.40 and a current ratio of 3.28. The firm has a market capitalization of $1,152.07, a PE ratio of 67.43 and a beta of 0.96.

Adecoagro (NYSE:AGRO) last posted its quarterly earnings results on Monday, November 13th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.13). Adecoagro had a return on equity of 2.58% and a net margin of 1.78%. The firm had revenue of $262.99 million for the quarter. equities research analysts anticipate that Adecoagro SA will post 0.2 earnings per share for the current fiscal year.

AGRO has been the subject of a number of recent research reports. BidaskClub raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. TheStreet downgraded Adecoagro from a “c” rating to a “d+” rating in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised Adecoagro from a “sell” rating to a “hold” rating in a research note on Monday, January 15th.

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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.

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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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