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

Adecoagro S.A. (NYSE:AGRO - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $10.72, but opened at $11.45. Adecoagro shares last traded at $10.89, with a volume of 191,808 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $12.63.

Adecoagro Trading Up 1.6 %

The company has a market cap of $1.12 billion, a price-to-earnings ratio of 7.19, a PEG ratio of 1.43 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 2.40. The business's 50 day moving average price is $10.13 and its 200-day moving average price is $10.64.

Institutional Investors Weigh In On Adecoagro

Several large investors have recently made changes to their positions in the company. Banco Santander S.A. bought a new stake in shares of Adecoagro in the 4th quarter worth about $73,714,000. Helikon Investments Ltd grew its holdings in shares of Adecoagro by 0.5% in the 4th quarter. Helikon Investments Ltd now owns 6,976,857 shares of the company's stock worth $65,792,000 after purchasing an additional 35,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Adecoagro by 68.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,761,337 shares of the company's stock worth $16,609,000 after purchasing an additional 714,911 shares during the last quarter. 683 Capital Management LLC grew its holdings in shares of Adecoagro by 6.2% in the 4th quarter. 683 Capital Management LLC now owns 600,000 shares of the company's stock worth $5,658,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Causeway Capital Management LLC grew its holdings 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 worth $5,350,000 after purchasing an additional 266,816 shares during the last quarter. Institutional investors own 45.25% of the company's stock.

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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.