CoreCommodity Management LLC decreased its position in shares of Adecoagro SA (NYSE:AGRO) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,045 shares of the company’s stock after selling 45,803 shares during the period. CoreCommodity Management LLC’s holdings in Adecoagro were worth $390,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AGRO. Quantamental Technologies LLC acquired a new position in Adecoagro during the 4th quarter worth $42,000. Capital Investment Advisory Services LLC acquired a new position in Adecoagro during the 4th quarter worth $49,000. Jane Street Group LLC acquired a new position in Adecoagro during the 3rd quarter worth $141,000. GSA Capital Partners LLP acquired a new position in Adecoagro during the 4th quarter worth $155,000. Finally, Fox Run Management L.L.C. acquired a new position in Adecoagro during the 4th quarter worth $164,000. 42.30% of the stock is owned by hedge funds and other institutional investors.

NYSE:AGRO opened at $6.96 on Friday. Adecoagro SA has a 52-week low of $6.34 and a 52-week high of $9.06. The company has a current ratio of 2.23, a quick ratio of 1.39 and a debt-to-equity ratio of 0.61. The stock has a market cap of $844.94 million, a PE ratio of 87.00 and a beta of 0.58.

A number of research firms have weighed in on AGRO. ValuEngine raised shares of Adecoagro from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded shares of Adecoagro from a “sell” rating to a “hold” rating in a report on Monday, December 24th. Santander downgraded shares of Adecoagro from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Citigroup initiated coverage on shares of Adecoagro in a report on Tuesday, December 18th. They set a “neutral” rating on the stock. Finally, Morgan Stanley downgraded shares of Adecoagro from an “overweight” rating to an “equal weight” rating and set a $10.00 price objective on the stock. in a report on Wednesday, January 16th. Seven research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $9.50.

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Adecoagro Profile

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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Institutional Ownership by Quarter for Adecoagro (NYSE:AGRO)

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