StockNews.com cut shares of Adecoagro (NYSE:AGRO - Free Report) from a buy rating to a hold rating in a research report released on Thursday.
Adecoagro Trading Up 0.6 %
Shares of Adecoagro stock traded up $0.07 during trading on Thursday, hitting $10.80. The stock had a trading volume of 743,550 shares, compared to its average volume of 513,267. The stock has a market cap of $1.12 billion, a PE ratio of 7.20, a PEG ratio of 1.42 and a beta of 1.03. Adecoagro has a 12 month low of $8.72 and a 12 month high of $12.07. The firm's fifty day simple moving average is $9.75 and its 200-day simple moving average is $10.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.40 and a quick ratio of 1.09.
Hedge Funds Weigh In On Adecoagro
A number of large investors have recently bought and sold shares of the business. Vise Technologies Inc. purchased a new stake in shares of Adecoagro during the fourth quarter valued at $153,000. PharVision Advisers LLC purchased a new position in shares of Adecoagro during the fourth quarter valued at $225,000. Voloridge Investment Management LLC raised its holdings in shares of Adecoagro by 3.5% in the fourth quarter. Voloridge Investment Management LLC now owns 475,680 shares of the company's stock valued at $4,486,000 after acquiring an additional 16,291 shares in the last quarter. Vident Advisory LLC lifted its stake in Adecoagro by 15.8% in the fourth quarter. Vident Advisory LLC now owns 29,891 shares of the company's stock worth $282,000 after acquiring an additional 4,089 shares during the period. Finally, Point72 Asset Management L.P. lifted its stake in Adecoagro by 36.4% in the fourth quarter. Point72 Asset Management L.P. now owns 59,723 shares of the company's stock worth $563,000 after acquiring an additional 15,923 shares during the period. Hedge funds and other institutional investors own 45.25% of the company's stock.
Adecoagro Company Profile
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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.
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