Sapient Capital LLC lowered its position in Adecoagro S.A. (NYSE:AGRO - Free Report) by 81.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,492 shares of the company's stock after selling 147,460 shares during the quarter. Sapient Capital LLC's holdings in Adecoagro were worth $316,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of AGRO. Citigroup Inc. increased its position in Adecoagro by 111.0% during the third quarter. Citigroup Inc. now owns 500,113 shares of the company's stock worth $5,536,000 after acquiring an additional 263,125 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Adecoagro by 14,282.7% during 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 last quarter. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 6,387 shares during the last quarter. Helikon Investments Ltd grew its holdings in shares of Adecoagro by 169.2% during the 3rd quarter. Helikon Investments Ltd now owns 6,941,857 shares of the company's stock valued at $76,846,000 after purchasing an additional 4,363,628 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in Adecoagro by 1.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 149,450 shares of the company's stock worth $1,657,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 45.25% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Adecoagro from a "hold" rating to a "buy" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.63.
Read Our Latest Analysis on Adecoagro
Adecoagro Stock Performance
NYSE AGRO traded down $0.04 during trading hours on Friday, reaching $9.77. 411,056 shares of the company were exchanged, compared to its average volume of 392,413. Adecoagro S.A. has a 1 year low of $8.72 and a 1 year high of $12.07. The business's 50 day simple moving average is $9.76 and its 200-day simple moving average is $10.60. 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 has a market capitalization of $1.02 billion, a P/E ratio of 6.51, a P/E/G ratio of 1.29 and a beta of 1.03.
About Adecoagro
(
Free Report)
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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