Banco Santander S.A. Invests $73.71 Million in Adecoagro S.A. (NYSE:AGRO)

Banco Santander S.A. bought a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,817,000 shares of the company's stock, valued at approximately $73,714,000. Adecoagro makes up about 0.9% of Banco Santander S.A.'s investment portfolio, making the stock its 19th biggest position. Banco Santander S.A. owned 7.51% of Adecoagro as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in Adecoagro in the third quarter valued at about $37,000. Point72 Hong Kong Ltd boosted its stake in Adecoagro by 21.9% in the third quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock valued at $58,000 after buying an additional 933 shares in the last quarter. R Squared Ltd acquired a new stake in Adecoagro in the fourth quarter valued at about $70,000. Blue Trust Inc. boosted its stake in Adecoagro by 87.2% in the fourth 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 in the last quarter. Finally, Rockingstone Advisors LLC acquired a new stake in Adecoagro in the fourth quarter valued at about $170,000. 45.25% of the stock is owned by institutional investors and hedge funds.

Adecoagro Trading Up 1.3 %

Adecoagro stock traded up $0.14 during trading hours on Friday, hitting $10.84. The stock had a trading volume of 784,439 shares, compared to its average volume of 574,108. 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 cap of $1.13 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 1.43 and a beta of 0.98. Adecoagro S.A. has a one year low of $8.72 and a one year high of $12.07. The business's 50 day simple moving average is $9.95 and its 200-day simple moving average is $10.64.

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Analyst Ratings Changes

Separately, StockNews.com lowered Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $12.63.

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.