Wells Fargo & Company MN raised its position in shares of Adecoagro S.A. (NYSE:AGRO) by 1,071.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 39,699 shares of the company’s stock after buying an additional 36,309 shares during the period. Wells Fargo & Company MN’s holdings in Adecoagro were worth $455,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of AGRO. Highbridge Capital Management LLC acquired a new stake in Adecoagro during the fourth quarter worth about $227,000. Bank of Montreal Can acquired a new stake in Adecoagro during the first quarter worth about $395,000. FMR LLC boosted its stake in Adecoagro by 5.1% in the fourth quarter. FMR LLC now owns 102,700 shares of the company’s stock worth $1,066,000 after buying an additional 5,000 shares during the period. Deltec Asset Management LLC boosted its stake in Adecoagro by 1.1% in the first quarter. Deltec Asset Management LLC now owns 142,130 shares of the company’s stock worth $1,629,000 after buying an additional 1,500 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Adecoagro by 263.0% in the fourth quarter. Renaissance Technologies LLC now owns 218,500 shares of the company’s stock worth $2,268,000 after buying an additional 158,300 shares during the period. Hedge funds and other institutional investors own 57.45% of the company’s stock.
Adecoagro S.A. (NYSE AGRO) traded down 0.69% during midday trading on Tuesday, hitting $10.04. 671,868 shares of the stock traded hands. The firm’s 50 day moving average is $10.02 and its 200-day moving average is $11.17. The stock has a market capitalization of $1.22 billion, a PE ratio of 209.17 and a beta of 1.09. 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.17. The firm had revenue of $166.09 million for the quarter. Adecoagro had a return on equity of 0.83% and a net margin of 0.61%. On average, analysts anticipate that Adecoagro S.A. will post $0.73 EPS for the current fiscal year.
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A number of analysts have issued reports on AGRO shares. Zacks Investment Research upgraded shares of Adecoagro from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Friday, April 14th. ValuEngine cut shares of Adecoagro from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Adecoagro from a “hold” rating to a “sell” rating in a research note on Saturday, June 17th.
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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