Adecoagro S.A. (NYSE:AGRO) Short Interest Update

Adecoagro S.A. (NYSE:AGRO - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 275,700 shares, a drop of 71.3% from the March 31st total of 961,500 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 908,200 shares, the short-interest ratio is currently 0.3 days.

Adecoagro Price Performance

Shares of Adecoagro stock traded down $1.74 during trading on Friday, reaching $9.95. The company's stock had a trading volume of 2,678,102 shares, compared to its average volume of 816,646. 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 market capitalization of $994.93 million, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 1.43 and a beta of 0.65. Adecoagro has a one year low of $8.72 and a one year high of $12.08. The stock has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.61.

Adecoagro Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be given a $0.175 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, May 2nd. This is a boost from Adecoagro's previous semi-annual dividend of $0.17. Adecoagro's payout ratio is 39.33%.

Analyst Upgrades and Downgrades

AGRO has been the subject of several research analyst reports. StockNews.com cut shares of Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Bank of America lowered shares of Adecoagro from a "buy" rating to an "underperform" rating and cut their price objective for the company from $12.00 to $10.80 in a research report on Friday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $11.70.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Banco Santander S.A. acquired a new position in shares of Adecoagro during the fourth quarter valued at $73,714,000. Helikon Investments Ltd boosted its stake 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 valued at $65,792,000 after purchasing an additional 35,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Adecoagro by 68.3% during 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 buying an additional 714,911 shares during the period. 683 Capital Management LLC raised its stake in shares of Adecoagro by 6.2% during the fourth quarter. 683 Capital Management LLC now owns 600,000 shares of the company's stock worth $5,658,000 after buying an additional 35,000 shares during the last quarter. Finally, Causeway Capital Management LLC lifted its holdings in Adecoagro by 88.8% in the fourth quarter. Causeway Capital Management LLC now owns 567,374 shares of the company's stock valued at $5,350,000 after buying an additional 266,816 shares during the period. 45.25% of the stock is currently owned by institutional investors.

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.

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