Shares of Adecoagro S.A. (NYSE:AGRO - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $9.79, but opened at $10.86. Adecoagro shares last traded at $11.05, with a volume of 799,596 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.63.
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Adecoagro Price Performance
The company has a current ratio of 2.40, a quick ratio of 1.09 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $9.75 and a 200 day moving average price of $10.64. The company has a market capitalization of $1.12 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.42 and a beta of 1.03.
Institutional Trading of Adecoagro
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company's stock valued at $5,536,000 after purchasing an additional 263,125 shares during the period. BNP Paribas Financial Markets boosted its stake in Adecoagro by 14,282.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 156,771 shares of the company's stock valued at $1,735,000 after purchasing an additional 155,681 shares during the period. Blue Trust Inc. raised its holdings in Adecoagro by 87.2% in the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after acquiring an additional 6,387 shares in the last quarter. Helikon Investments Ltd raised its holdings in Adecoagro by 169.2% in the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company's stock valued at $76,846,000 after acquiring an additional 4,363,628 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Adecoagro by 1.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock valued at $1,657,000 after acquiring an additional 1,900 shares in the last quarter. 45.25% of the stock is currently owned by institutional investors.
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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