StockNews.com upgraded shares of Adecoagro (NYSE:AGRO - Free Report) from a hold rating to a buy rating in a research note released on Wednesday morning.
Adecoagro Trading Down 0.4 %
NYSE AGRO traded down $0.04 during trading hours on Wednesday, hitting $9.77. 411,056 shares of the company's stock were exchanged, compared to its average volume of 392,413. Adecoagro has a 1-year low of $8.72 and a 1-year high of $12.07. 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 stock has a 50-day simple moving average of $9.76 and a 200 day simple moving average of $10.60. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 1.29 and a beta of 1.03.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of AGRO. Jane Street Group LLC boosted its stake in Adecoagro by 193.2% during the 4th quarter. Jane Street Group LLC now owns 156,886 shares of the company's stock valued at $1,479,000 after purchasing an additional 103,378 shares during the last quarter. Parvin Asset Management LLC bought a new stake in Adecoagro during the fourth quarter worth $279,000. PDT Partners LLC purchased a new stake in Adecoagro in the 4th quarter valued at $349,000. Northern Trust Corp lifted its stake in Adecoagro by 352.0% during the 4th quarter. Northern Trust Corp now owns 57,549 shares of the company's stock valued at $543,000 after acquiring an additional 44,816 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in Adecoagro by 837.5% during the 4th quarter. Aquatic Capital Management LLC now owns 28,124 shares of the company's stock worth $265,000 after acquiring an additional 25,124 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.
About Adecoagro
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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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