Adecoagro (NYSE:AGRO) Shares Gap Down - What's Next?

Adecoagro S.A. (NYSE:AGRO - Get Free Report) 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 changing hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Adecoagro from a "buy" rating to a "hold" rating in a 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 currently has an average rating of "Hold" and an average price target of $12.63.

Adecoagro Stock Up 1.4 %

The business's 50-day moving average is $9.79 and its two-hundred day moving average is $10.67. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.21, a P/E/G ratio of 1.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40.

Hedge Funds Weigh In On Adecoagro

A number of hedge funds and other institutional investors have recently made changes to their positions in AGRO. Banco Santander S.A. acquired a new stake in Adecoagro during the 4th quarter worth $73,714,000. Helikon Investments Ltd raised its position 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Adecoagro by 68.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock valued at $16,609,000 after purchasing an additional 714,911 shares in the last quarter. Causeway Capital Management LLC grew its position in shares of Adecoagro by 88.8% in the 4th quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after purchasing an additional 266,816 shares during the period. Finally, Citigroup Inc. increased its stake in 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 purchasing an additional 263,125 shares in the last quarter. 45.25% of the stock is owned by institutional investors.

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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.