Fmr LLC Cuts Position in Adecoagro S.A. (NYSE:AGRO)
Fmr LLC cut its position in shares of Adecoagro S.A. (NYSE:AGRO) by 29.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,600 shares of the company’s stock after selling 30,100 shares during the period. Fmr LLC’s holdings in Adecoagro were worth $832,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Adecoagro during the first quarter worth $140,000. Yorktown Management & Research Co Inc acquired a new stake in Adecoagro during the first quarter worth approximately $143,000. Campbell & CO Investment Adviser LLC acquired a new stake in Adecoagro during the first quarter worth approximately $150,000. Highbridge Capital Management LLC acquired a new stake in Adecoagro during the fourth quarter worth approximately $227,000. Finally, US Bancorp DE increased its stake in Adecoagro by 20.0% in the first quarter. US Bancorp DE now owns 22,379 shares of the company’s stock worth $256,000 after buying an additional 3,727 shares during the last quarter. 57.45% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Adecoagro S.A. (NYSE AGRO) opened at 10.02 on Monday. The firm has a 50-day moving average of $10.02 and a 200-day moving average of $11.17. Adecoagro S.A. has a 12-month low of $9.38 and a 12-month high of $13.29. The firm has a market cap of $1.21 billion, a P/E ratio of 208.75 and a beta of 1.09.
Adecoagro (NYSE:AGRO) last released its quarterly earnings data on Monday, May 15th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.17. Adecoagro had a return on equity of 0.83% and a net margin of 0.61%. The firm had revenue of $166.09 million during the quarter. On average, equities analysts forecast that Adecoagro S.A. will post $0.73 earnings per share for the current fiscal year.
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A number of research firms have commented on AGRO. Zacks Investment Research upgraded shares of Adecoagro from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, April 14th. BidaskClub downgraded shares of Adecoagro from a “hold” rating to a “sell” rating in a report on Saturday, June 17th. Finally, ValuEngine downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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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