Helikon Investments Ltd Raises Position in Adecoagro S.A. (NYSE:AGRO)

Helikon Investments Ltd increased its holdings in shares of Adecoagro S.A. (NYSE:AGRO) by 169.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,941,857 shares of the company’s stock after buying an additional 4,363,628 shares during the quarter. Adecoagro accounts for about 6.9% of Helikon Investments Ltd’s holdings, making the stock its 6th biggest holding. Helikon Investments Ltd owned approximately 6.67% of Adecoagro worth $76,846,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AGRO. Jennison Associates LLC grew its stake in shares of Adecoagro by 10.5% during the first quarter. Jennison Associates LLC now owns 5,932,720 shares of the company’s stock worth $65,379,000 after buying an additional 561,352 shares during the last quarter. Boston Partners raised its stake in Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company’s stock worth $7,489,000 after buying an additional 546,465 shares during the period. Ping Capital Management Inc. bought a new position in shares of Adecoagro in the 2nd quarter worth $1,099,000. Herr Investment Group LLC grew its position in Adecoagro by 30.3% in the 2nd quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company’s stock valued at $25,780,000 after purchasing an additional 616,345 shares during the period. Finally, Discovery Capital Management LLC CT grew its holdings in shares of Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company’s stock valued at $23,124,000 after buying an additional 667,878 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America reduced their price objective on shares of Adecoagro from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Monday, September 9th. StockNews.com lowered shares of Adecoagro from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. UBS Group initiated coverage on shares of Adecoagro in a research report on Monday, October 14th. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Morgan Stanley cut shares of Adecoagro from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $14.50 to $12.50 in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Performance

AGRO traded down $0.03 during trading hours on Thursday, hitting $11.51. The stock had a trading volume of 105,019 shares, compared to its average volume of 725,465. The company’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $10.48. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.51. The company has a quick ratio of 0.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.20 billion, a PE ratio of 4.88, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08.

Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. Adecoagro had a return on equity of 14.91% and a net margin of 16.28%. The business had revenue of $411.42 million for the quarter. Equities analysts anticipate that Adecoagro S.A. will post 1.68 earnings per share for the current year.

Adecoagro Profile

Adecoagro SA operates as an agro-industrial company in South America. The company mainly operates through three segments: Farming; Sugar, Ethanol and Energy; and Land Transformation. It engages in farming crops, rice and other agricultural products, dairy operations, and land transformation activities, as well as sugar, ethanol, and energy production activities.