Carrera Capital Advisors Invests $887,000 in Adecoagro S.A. (NYSE:AGRO)

Carrera Capital Advisors purchased a new position in shares of Adecoagro S.A. (NYSE:AGRO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,035 shares of the company's stock, valued at approximately $887,000. Carrera Capital Advisors owned 0.09% of Adecoagro as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of Adecoagro in the 3rd quarter valued at approximately $195,000. Citigroup Inc. grew its stake in shares of Adecoagro by 111.0% in the 3rd quarter. Citigroup Inc. now owns 500,113 shares of the company's stock valued at $5,536,000 after purchasing an additional 263,125 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Adecoagro by 14,282.7% in 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. Point72 Hong Kong Ltd grew its stake in shares of Adecoagro by 21.9% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,200 shares of the company's stock valued at $58,000 after purchasing an additional 933 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Adecoagro by 84.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,800 shares of the company's stock valued at $485,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 45.25% of the company's stock.

Adecoagro Price Performance

Shares of Adecoagro stock traded up $0.14 during trading on Friday, reaching $10.84. The company's 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. Adecoagro S.A. has a 12-month low of $8.72 and a 12-month high of $12.07. The company has a market capitalization of $1.13 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The business has a 50 day moving average price of $9.93 and a 200-day moving average price of $10.65.

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Analyst Ratings Changes

Separately, StockNews.com downgraded Adecoagro from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Adecoagro has a consensus 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.