7,452 Shares in Adecoagro S.A. (NYSE:AGRO) Purchased by R Squared Ltd

R Squared Ltd acquired a new stake in Adecoagro S.A. (NYSE:AGRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,452 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds also recently made changes to their positions in AGRO. Helikon Investments Ltd raised its holdings in Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company’s stock valued at $65,792,000 after acquiring an additional 35,000 shares during the period. Citigroup Inc. grew its position in shares of Adecoagro by 111.0% in the third quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock valued at $5,536,000 after purchasing an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Adecoagro by 14,282.7% during the third quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company’s stock worth $1,735,000 after purchasing an additional 155,681 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in shares of Adecoagro by 1.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,900 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Adecoagro by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 107,461 shares of the company’s stock worth $1,046,000 after purchasing an additional 2,099 shares during the last quarter. 45.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, UBS Group started coverage on Adecoagro in a research report on Monday, October 14th. They set a “neutral” rating and a $12.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Adecoagro presently has a consensus rating of “Hold” and a consensus price target of $12.63.

Adecoagro Stock Up 0.5 %

NYSE AGRO opened at $9.70 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 1.26 and a beta of 1.04. The company has a 50 day moving average of $9.98 and a 200-day moving average of $10.58. Adecoagro S.A. has a 1-year low of $8.72 and a 1-year high of $12.07.

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.