Deutsche Bank AG cut its position in Adecoagro SA (NYSE:AGRO) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,955 shares of the company’s stock after selling 32,034 shares during the period. Deutsche Bank AG owned 0.19% of Adecoagro worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Adecoagro by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,668 shares of the company’s stock worth $4,861,000 after acquiring an additional 43,207 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Adecoagro by 103.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 37,199 shares of the company’s stock worth $311,000 after acquiring an additional 18,926 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Adecoagro by 9,699,300.0% in the first quarter. Citigroup Inc. now owns 96,994 shares of the company’s stock worth $377,000 after acquiring an additional 96,993 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Adecoagro during the fourth quarter worth $1,171,000. Finally, FMR LLC boosted its stake in Adecoagro by 27,069.4% during the fourth quarter. FMR LLC now owns 1,874,691 shares of the company’s stock worth $15,691,000 after buying an additional 1,867,791 shares during the last quarter. 51.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on AGRO. JPMorgan Chase & Co. began coverage on Adecoagro in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $6.00 price objective on the stock. Zacks Investment Research lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine lowered Adecoagro from a “hold” rating to a “sell” rating in a research note on Friday, May 15th. Finally, TheStreet lowered Adecoagro from a “c-” rating to a “d+” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Adecoagro has an average rating of “Hold” and an average target price of $5.50.
Adecoagro (NYSE:AGRO) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.38 EPS for the quarter. Adecoagro had a positive return on equity of 7.15% and a negative net margin of 6.16%. The business had revenue of $156.13 million for the quarter. As a group, equities analysts expect that Adecoagro SA will post 0.16 earnings per share for the current year.
Adecoagro SA, an agricultural company, engages in farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production, and land transformation activities in South America. The company engages in the planting, harvesting, and sale of grains, oilseeds, and fibers including wheat, corn, soybeans, cotton, sunflowers, and other; provision of grain warehousing/conditioning, handling, and drying services to third parties; and purchase and sale of crops produced by third parties.
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