Amundi Decreases Stock Holdings in Adecoagro S.A. (NYSE:AGRO)

Amundi lowered its position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 695,236 shares of the company's stock after selling 132,646 shares during the period. Amundi owned about 0.67% of Adecoagro worth $6,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Adecoagro in the 3rd quarter valued at $37,000. Point72 Hong Kong Ltd grew its holdings in shares of Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock worth $58,000 after purchasing an additional 933 shares during the last quarter. R Squared Ltd purchased a new position in shares of Adecoagro in the fourth quarter worth $70,000. Blue Trust Inc. raised its holdings in Adecoagro by 87.2% during the 4th quarter. Blue Trust Inc. now owns 13,709 shares of the company's stock valued at $129,000 after buying an additional 6,387 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Adecoagro during the 3rd quarter valued at $195,000. 45.25% of the stock is currently owned by hedge funds and other institutional investors.

Adecoagro Stock Up 0.5 %

Shares of AGRO stock traded up $0.06 during trading hours on Wednesday, hitting $10.85. 233,157 shares of the company's stock traded hands, compared to its average volume of 605,493. The company has a quick ratio of 1.09, a current ratio of 2.40 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $10.13 and its two-hundred day simple moving average is $10.64. Adecoagro S.A. has a 12-month low of $8.72 and a 12-month high of $12.07. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.43 and a beta of 0.98.

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Analysts Set New Price Targets

Separately, StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research report 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. According to data from MarketBeat.com, Adecoagro has a consensus rating of "Hold" and a consensus price target of $12.63.

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.