Adecoagro (NYSE:AGRO) Shares Gap Down – Should You Sell?

Shares of Adecoagro S.A. (NYSE:AGRO) gapped down prior to trading on Monday . The stock had previously closed at $10.79, but opened at $10.41. Adecoagro shares last traded at $10.73, with a volume of 172,604 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Adecoagro from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.63.

Adecoagro Trading Down 0.7 %

The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 1.43 and a beta of 1.03. The business has a 50-day simple moving average of $9.77 and a two-hundred day simple moving average of $10.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.

Institutional Investors Weigh In On Adecoagro

Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its stake in shares of Adecoagro by 111.0% during the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company’s stock worth $5,536,000 after buying an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 155,681 shares during the period. Blue Trust Inc. grew its position in shares of Adecoagro by 87.2% in the fourth quarter. Blue Trust Inc. now owns 13,709 shares of the company’s stock valued at $129,000 after purchasing an additional 6,387 shares during the last quarter. Helikon Investments Ltd increased its stake in shares of Adecoagro by 169.2% during the third quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company’s stock worth $76,846,000 after purchasing an additional 4,363,628 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Adecoagro by 1.3% during the 3rd 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 last quarter. Institutional investors and hedge funds own 45.25% of the company’s stock.

About Adecoagro

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.