Cubist Systematic Strategies LLC lifted its holdings in shares of Adecoagro SA (NYSE:AGRO) by 21.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,067 shares of the company’s stock after purchasing an additional 15,661 shares during the period. Cubist Systematic Strategies LLC owned 0.07% of Adecoagro worth $973,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Graticule Asia Macro Advisors LLC boosted its holdings in Adecoagro by 20.5% in the third quarter. Graticule Asia Macro Advisors LLC now owns 330,040 shares of the company’s stock worth $3,564,000 after acquiring an additional 56,200 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Adecoagro in the third quarter worth approximately $2,159,000. Wells Fargo & Company MN boosted its holdings in Adecoagro by 1,516.5% in the third quarter. Wells Fargo & Company MN now owns 13,045 shares of the company’s stock worth $141,000 after acquiring an additional 12,238 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Adecoagro by 26.5% in the third quarter. New York State Common Retirement Fund now owns 182,067 shares of the company’s stock worth $1,966,000 after acquiring an additional 38,165 shares in the last quarter. Finally, Cambiar Investors LLC boosted its holdings in Adecoagro by 21.2% in the third quarter. Cambiar Investors LLC now owns 43,225 shares of the company’s stock worth $467,000 after acquiring an additional 7,560 shares in the last quarter. Institutional investors own 43.34% of the company’s stock.
AGRO has been the topic of several recent research reports. TheStreet lowered Adecoagro from a “c” rating to a “d+” rating in a report on Wednesday, November 15th. BidaskClub upgraded Adecoagro from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.
Shares of Adecoagro SA (NYSE:AGRO) traded up $0.11 during trading on Friday, hitting $10.12. The stock had a trading volume of 436,981 shares, compared to its average volume of 403,978. The stock has a market capitalization of $1,230.00, a P/E ratio of 72.29 and a beta of 1.03. Adecoagro SA has a 12-month low of $8.33 and a 12-month high of $13.29. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 1.34.
Adecoagro (NYSE:AGRO) last issued its quarterly earnings data on Monday, November 13th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.13). The company had revenue of $262.99 million during the quarter. Adecoagro had a return on equity of 2.58% and a net margin of 1.78%. equities analysts expect that Adecoagro SA will post 0.31 EPS for the current fiscal year.
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Adecoagro SA is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy.
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