Adecoagro S.A. (NYSE:AGRO) Stock Holdings Raised by Helikon Investments Ltd

Helikon Investments Ltd lifted its position in Adecoagro S.A. (NYSE:AGRO) by 169.2% in the third quarter, Holdings Channel.com reports. The firm owned 6,941,857 shares of the company’s stock after purchasing an additional 4,363,628 shares during the quarter. Adecoagro makes up 6.9% of Helikon Investments Ltd’s holdings, making the stock its 6th biggest holding. Helikon Investments Ltd owned 0.07% of Adecoagro worth $76,846,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in Adecoagro in the second quarter worth approximately $42,000. Quarry LP boosted its position in Adecoagro by 259.4% during the second quarter. Quarry LP now owns 7,598 shares of the company’s stock valued at $74,000 after buying an additional 5,484 shares during the period. Blue Trust Inc. grew its stake in shares of Adecoagro by 1,281.5% during the third quarter. Blue Trust Inc. now owns 7,322 shares of the company’s stock valued at $81,000 after buying an additional 6,792 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Adecoagro in the third quarter worth about $94,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Adecoagro in the 1st quarter valued at about $128,000. 45.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Adecoagro Trading Down 0.3 %

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

Adecoagro (NYSE:AGRO) last issued its quarterly earnings results on Monday, August 12th. The company reported $1.03 earnings per share (EPS) for the quarter. Adecoagro had a net margin of 16.28% and a return on equity of 14.91%. The company had revenue of $411.42 million during the quarter. On average, sell-side analysts predict 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.