Adecoagro S.A. (NYSE:AGRO) Sees Large Decrease in Short Interest

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,270,000 shares, a decrease of 5.2% from the October 15th total of 1,340,000 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 871,000 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Adecoagro

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 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. Discovery Capital Management LLC CT grew its position in Adecoagro by 39.1% during the second quarter. Discovery Capital Management LLC CT now owns 2,376,614 shares of the company's stock valued at $23,124,000 after buying an additional 667,878 shares during the period. Herr Investment Group LLC boosted its position in Adecoagro by 30.3% during the second quarter. Herr Investment Group LLC now owns 2,649,555 shares of the company's stock worth $25,780,000 after purchasing an additional 616,345 shares during the period. Boston Partners increased its holdings in Adecoagro by 410.7% during the 1st quarter. Boston Partners now owns 679,537 shares of the company's stock worth $7,489,000 after acquiring an additional 546,465 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of Adecoagro in the 1st quarter worth $4,174,000. Institutional investors and hedge funds own 45.25% of the company's stock.

Wall Street Analysts Forecast Growth

AGRO has been the topic of several research analyst reports. StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. UBS Group initiated coverage on shares of Adecoagro in a research note on Monday, October 14th. They set a "neutral" rating and a $12.00 price objective on the stock. Bank of America decreased their price objective on shares of Adecoagro from $15.50 to $14.50 and set a "buy" rating on the stock in a research note on Monday, September 9th. Finally, Morgan Stanley cut shares of Adecoagro from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $14.50 to $12.50 in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $12.63.

Adecoagro Price Performance

Shares of AGRO traded up $0.01 during mid-day trading on Monday, hitting $11.38. 604,994 shares of the company traded hands, compared to its average volume of 726,251. The business has a 50-day moving average of $11.36 and a 200 day moving average of $10.52. The company has a current ratio of 2.40, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.20 and a beta of 1.08. Adecoagro has a one year low of $8.72 and a one year high of $12.51.

Adecoagro Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.174 per share. This represents a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 12th. This is a boost from Adecoagro's previous Semi-Annual dividend of $0.16. Adecoagro's dividend payout ratio (DPR) is currently 22.67%.

Adecoagro Company Profile

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.