Adecoagro S.A. (NYSE:AGRO) Stock Holdings Lessened by abrdn plc

abrdn plc lowered its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 54.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 106,921 shares of the company's stock after selling 127,248 shares during the period. abrdn plc owned 0.10% of Adecoagro worth $1,005,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Adecoagro in the 3rd quarter valued at about $37,000. Point72 Hong Kong Ltd boosted its position in shares of Adecoagro by 21.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock valued at $58,000 after purchasing an additional 933 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Adecoagro by 1,281.5% during the 3rd quarter. Blue Trust Inc. now owns 7,322 shares of the company's stock valued at $81,000 after purchasing an additional 6,792 shares in the last quarter. R Squared Ltd bought a new position in shares of Adecoagro during the 4th quarter valued at about $70,000. Finally, nVerses Capital LLC bought a new position in shares of Adecoagro during the 3rd quarter valued at about $94,000. Institutional investors own 45.25% of the company's stock.

Adecoagro Trading Down 0.4 %

AGRO stock traded down $0.04 during mid-day trading on Friday, reaching $9.77. 411,056 shares of the stock traded hands, compared to its average volume of 419,932. The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. Adecoagro S.A. has a 52-week low of $8.72 and a 52-week high of $12.07. The company has a market cap of $1.02 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.29 and a beta of 1.03. The stock's fifty day moving average is $9.76 and its 200-day moving average is $10.59.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Adecoagro from a "hold" rating to a "buy" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $12.63.

Adecoagro Company 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.