OxFORD Asset Management LLP Takes Position in Adecoagro S.A. (AGRO)
OxFORD Asset Management LLP acquired a new position in shares of Adecoagro S.A. (NYSE:AGRO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 200,991 shares of the company’s stock, valued at approximately $2,159,000. OxFORD Asset Management LLP owned approximately 0.17% of Adecoagro at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. PointState Capital LP lifted its stake in shares of Adecoagro by 244.1% in the second quarter. PointState Capital LP now owns 4,985,000 shares of the company’s stock worth $49,800,000 after acquiring an additional 3,536,300 shares in the last quarter. Teachers Advisors LLC raised its stake in Adecoagro by 48.8% during the second quarter. Teachers Advisors LLC now owns 1,251,837 shares of the company’s stock valued at $12,506,000 after buying an additional 410,500 shares in the last quarter. BARING ASSET MANAGEMENT Ltd acquired a new stake in Adecoagro during the second quarter valued at approximately $6,758,000. TIAA CREF Investment Management LLC raised its stake in Adecoagro by 32.1% during the second quarter. TIAA CREF Investment Management LLC now owns 554,118 shares of the company’s stock valued at $5,536,000 after buying an additional 134,500 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new stake in Adecoagro during the second quarter valued at approximately $4,857,000. Institutional investors own 43.36% of the company’s stock.
Several brokerages have issued reports on AGRO. BidaskClub upgraded Adecoagro from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet lowered Adecoagro from a “c” rating to a “d+” rating in a report on Wednesday, November 15th.
Adecoagro S.A. (AGRO) opened at $10.15 on Thursday. The company has a market capitalization of $1,240.70, a P/E ratio of 73.00 and a beta of 1.04. Adecoagro S.A. has a fifty-two week low of $8.33 and a fifty-two week high of $13.29. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 1.34.
Adecoagro (NYSE:AGRO) last posted its earnings results on Monday, November 13th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.13). The company had revenue of $262.99 million for the quarter. Adecoagro had a net margin of 1.78% and a return on equity of 2.58%. sell-side analysts predict that Adecoagro S.A. will post 0.31 EPS for the current fiscal year.
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Adecoagro Company Profile
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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